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Mortgage Applications Plummeted Last Week as Average Rate for a 30-Year Rose Above 7 Percent

Mortgage Applications Plummeted Last Week as Average Rate for a 30-Year Rose Above 7 Percent
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Market Momentum Shift: Housing Prices On A Downward Slide After Nine Months Of Growth

The housing market is demonstrating signs of cooling down, as home prices fell 0.2% month over month in November after rising for nine consecutive months, according to the S&P CoreLogic Case-Schiller Indices. This can be attributed to the soaring mortgage rates, which hit their 20-year highs in October last year. "U.S. home prices edged downward from their all-time high in November," said Brian Luke, head of Commodities, Real & Digital Assets at S&P Dow Jones Indices. "The streak of nine monthly

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Mortgage rates jump back over 7% as stronger economic data rolls in

Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market.

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Mortgage rates back over 7%, as stronger economic data rolls in

Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market.

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30-Year Mortgage Rates Exceed 7%: Impact On Homebuyers And Housing Market

Mortgage rates underwent substantial fluctuations since the summer, briefly hitting a 20-year high of 8% in October before experiencing a huge drop.

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Mortgage rates jump back over 7% as stronger economic data rolls in

Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market.

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Mortgage rates jump back over 7% as stronger economic data rolls in

The average rate on the popular 30-year fixed mortgage crossed over 7% on Monday for the first time since December, hitting 7.04%, according to Mortgage News Daily.

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Mortgage rates jump back over 7% as stronger economic data rolls in

Mortgage rates jump back over 7% as stronger economic data rolls in
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Improving Rates And Favorable Demographics Drive Hope For A Mortgage Rebound

Improving Rates And Favorable Demographics Drive Hope For A Mortgage Rebound
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What's impacting US housing supply? | Mortgage Professional

Upswing in construction is unable to meet demand for homes

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