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Mortgage

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 Mortgage demand falls to 27-year low despite drop in interest rates
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By Janice Thompson
In Mortgage, Real Estate
Posted September 7, 2023

Mortgage demand falls to 27-year low despite drop in interest rates

Total mortgage application volume fell 2.9% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. After rising sharply for several [...]

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 Mortgage rates are at a 23-year high. Here’s what buyers can do to cut costs
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By Janice Thompson
In Mortgage, Real Estate
Posted August 25, 2023

Mortgage rates are at a 23-year high. Here’s what buyers can do to cut costs

  Inflation ticked up in July and the benchmark interest rate is already at a 22-year high. With homebuyers already squeezed by current economic conditions, more unwelcome news came out on [...]

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 3 great ways to get a lower mortgage interest rate in today’s market
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By Adam Lee
In Mortgage, Real Estate
Posted August 24, 2023

3 great ways to get a lower mortgage interest rate in today’s market

With months of promising signs that inflation was finally cooling, many homebuyers were cautiously optimistic that interest rates would be coming down later this year and into 2024. But after a [...]

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 Mortgage rates hit new high for year
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By Adam Lee
In Mortgage, Uncategorized
Posted July 7, 2023

Mortgage rates hit new high for year

The average 30-year fixed mortgage rate hit 6.81% this week, a new high for the year and a 1.5% leap from a year ago, according to Freddie Mac. Consistently high mortgage rates are another [...]

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 Home prices fall in 11-year first
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By Janice Thompson
In Mortgage, Real Estate
Posted June 27, 2023

Home prices fall in 11-year first

Home prices fell from a year ago for the first time since 2012, a sign that rising interest rates have begun to weigh on the market. Prices declined 0.2% nationally in April after rising 0.7% in [...]

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