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The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large […]
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Comments Off on Fewer buyers were in the market in Q3, borrowers made higher down payments: report
With housing affordability being challenged in a higher mortgage rate environment, fewer homebuyers jumped into the market in the third quarter. Buyers that did manage to purchase homes made higher down payments as home-price growth […]
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Comments Off on 4 Housing Truths Buyers and Sellers Are Struggling to Face
Source: The Ascent — It’s been a wild couple of years for the housing market. For starters, home values have climbed since the buying boom that started not long after the COVID-19 pandemic hit the […]