Mortgage Rates Have Risen Yet Again, but Homebuyer Competition Is Heating Up

Mortgage Rates Have Risen Yet Again, but Homebuyer Competition Is Heating Up

For the week ending Aug. 3, the average 30-year, fixed mortgage rate rose to 6.9%, up from the previous week’s 6.81%, and for the week ending July 29, median home listing prices also rose on a year-over-year basis. An ongoing affordability crisis is stalling a growing share of budget-conscious homebuyers, but not all are demonstrating
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