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Mortgage applications tumble to lowest levels in three decades

mortgage applications

As monthly mortgage payments reached a record high, mortgage applications fell to their lowest level in nearly 30 years. Redfin reports that mortgage payments have reached a near-record high due to over ...

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Home mortgage rates rise above 7%

Mortgage rates have hit a two-decade high rising above 7 percent. The milestone comes as the U.S. housing market continues to tank with more buyers choosing to wait out the recession and ...

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What do supply and demand tell us about today’s housing market?

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item ...

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