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Rising interest rates and fierce competition are pushing many potential homeowners out of the market, leading one person to conclude: "I feel like the American dream isn't attainable anymore."
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Several Texas insurance companies have warned that higher premiums are on the horizon due to labor shortages and supply chain issues.
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The labor market continues to get stronger and the economy is growing at a solid rate, the Federal Reserve said. The central bank also said it will be patient as it decides on future rate increases.
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After holding rates near zero for seven years, the Fed approved a small increase Wednesday. While that step seems minor, the impact could be huge in 2016 as borrowing costs head up.