Mortgage Rates Rise Again—but Our Economist Explains Why There Is Improvement in Homebuyer Demand

Mortgage Rates Rise Again—but Our Economist Explains Why There Is Improvement in Homebuyer Demand

Mortgage rates climbed to 6.54% for a 30-year fixed loan in the week ending Oct. 24—which is the highest it’s been in roughly two months. Mortgage applications for home purchases continued to decline in the face of higher rates. Yet, they remained above last year’s pace for the fifth straight week, which indicates persistent improvement
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