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Mortgage rates remain at a 23-year high, but buyers are adjusting

Por: MarketWatch Business August 30, 2023

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The 30-year rate averaged 7.31%, which was the highest level since December 2000. Yet demand for both purchases and refinancing rose. That overall pushed the market composite index — a measure of mortgage application volume — up, the Mortgage Bankers Association (MBA) said on Wednesday.  The market index rose 2.3% to 189 for the week ending August 25 from a week earlier. A year ago, the index stood at 260.1. Key details: Applications for... + full article



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