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Lack of new home listings weakens mortgage demand

Por: The Hill Politics April 06, 2023

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A dearth of new home listings is hampering mortgage demand even as the benchmark home loan rate continues its downward trajectory, according to data released Thursday by the Mortgage Bankers Association (MBA).  The Mortgage Composite Index, which measures the volume of mortgage applications, decreased by 4.1 percent from a week earlier, . Mortgage rates for non-conforming loans dropped by 5 points from last week to 6.40 percent while fixed... + full article



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