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On the other hand, Long also notes that the average 30-year mortgage rate is currently. to buy into today’s real estate.
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As the spring buying season kicked off, buyers came back to the market reacting to increased inventories, decreased mortgage.
Mortgage demand has been more than muted for the last several weeks, even as rates sit near two-year lows. Mortgage application volume fell 2.4% for the week last week, according to the Mortgage.
After several weeks of volatility, mortgage rates calmed down, and that offered little incentive for homeowners or buyers to make a move. Load Error Total mortgage application volume was essentially.
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