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The Boston Globe

Business

Home prices fall in Greater Boston

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Rising mortgage rates appear to be finally slowing the housing market’s rebound. After a year of steadily rising prices, home values in Greater Boston fell slightly in June — by 0.2 percent — according to the monthly S&P/Case-Shiller home price indices released Tuesday. By comparison, values rose 0.9 percent nationally. Meanwhile, the current rate for a long-term mortgage — 4.6 percent — is more than 1 percentage point higher than it was just a few months ago.

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