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Because of this, interest rate hikes make mortgage payments extra costly for model new loans (or on existing adjustable-rate loans like ARMs). This can discourage patrons, who must factor in the cost to hold the property month-to-month. Aside from buying properties instantly, ordinary buyers can buy REITs or funds that spend money on REITs. REITs are pooled investments that own and/or handle properties or which own their mortgages. Real estate mutual funds invest primarily in REITs and real estate operating firms. They present the power to realize diversified publicity to real estate …