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Weekly Mortgage Rates Are Up, but Prices Are the Real Villain

Mortgage rates continued to rise for the week ending April 25. The 30-year fixed-rate mortgage averaged 7.23% APR, up seven basis points from the previous week's average, according to rates

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UBS Analyst Who Took On Evergrande Now Bullish on China Property

UBS Analyst Who Took On Evergrande Now Bullish on China Property
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UBS Analyst Who Took on Evergrande Now Bullish on China Property

(Bloomberg) — When it comes to Chinese real estate, John Lam is a lone wolf.  The UBS analyst shocked markets three years ago with a rare sell rating on China Evergrande Group, 11 months before it defaulted and became the poster child for the property collapse. Now Lam is going against the grain again, forecasting…

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High mortgage rates hang around, reaching 7.17%

Both first-time and repeat homebuyers felt the sting of higher rates this week, as rates for the popular 30-year fixed mortgage hit 7.17%, per Freddie Mac.

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How are rising mortgage rates impacting the current housing market?

Prospective buyers facing challenges as borrowing costs climb to highest level in 2024

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Cost of buying a home in America reaches a new high, Redfin says

The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.

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Mortgage rates back up over 7%, another hit to weary would-be homebuyers

Mortgage rates are on the rise, again topping 7% for a 30-year fixed-rate home loan.

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Redfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising

Redfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising
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'Mortgage rate lock' keeps buyers parked in homes they no longer want

“It’s pretty hard to trade up today. You’re going to pay more for the house, and you’re going to pay much more for the mortgage.”

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Gallatin Association of Realtors' housing report details market challenges

Nationwide, 2023 saw the lowest number of homes sold in the past 30 years, brought about by low inventory and decreasing affordability. Still, industry experts

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