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Home Sale Cancellations Hit Highest Rate Since Start of Pandemic: 15% of Would-Be Homebuyers Backed Out in June

Facing red-hot inflation and higher mortgage rates, some homebuyers are now backing out of deals -- either to renegotiate them or because they can't afford the mortgage anymore. In June, nationwide,...
Taylor Marr Jody Kahn Arlawka Aungtun Getty Weekly Mortgage Applications Mortgage Bankers Association Would Be Homebuyers Backed Out

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