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Mortgage demand plummets again despite drop in interest rates

Por: Fox Business Business January 04, 2024

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FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on 'Varney and Co.' A key measure of applications slumped over the holidays despite a sharp drop in mortgage rates over the course of December. The Mortgage Bankers Association's (MBA) index of fell 9.4% for the week ended Dec. 29, compared with two weeks earlier,... + full article



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