Mortgage rates dip even as refinancing demands spike

With higher mortgage rates sapping demand overall and forcing some would-be home buyers out of the market.

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Refinance Resurgence

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Refinance Resurgence

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Buyer’s Balancing Act

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Buyer’s Balancing Act

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Mortgage rates dip even as refinancing demands spike

With higher mortgage rates sapping demand overall and forcing some would-be home buyers out of the market.

Refinance Resurgence

As mortgage rates rose earlier this year, the number of applications to refinance a mortgage plummeted.

Refinance Resurgence

Following a period of historically-low interest rates, there were fewer borrowers who stood to benefit from such a transaction.

Buyer’s Balancing Act

For would-be homebuyers, the current situation calls for a delicate balancing act. Rising rates are a challenge, given the increased borrowing costs.

Buyer’s Balancing Act

The National Association of Realtors® says the median existing-home price fell for the fifth straight month after peaking at $413,800 in June.

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