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Mortgage rates are nearing 8%. Prices have climbed for the past three months straight. And there were fewer homes on the market in September than any September ever. No wonder home sales just hit a 13-year low. It is a crummy time to try to buy a house.
Mortgage rates are nearing 8%. Prices have climbed for the past three months straight. And there were fewer homes on the market in September than any September ever. No wonder home sales just hit a 13-year low. It is a crummy time to try to buy a house.
Even with soaring rates, about 30% of mortgage applicants are seeking refinancings. Here's a breakdown of who's borrowing and why cash-out refis still make sense for some.
The 30-year mortgage rate is averaging 7.63%, Freddie Mac said in its latest weekly survey on Thursday.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero