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Mortgage demand plummets as high rates squeeze buyers

Por: Fox Business Business September 06, 2023

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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 home-purchase applications tumbled last week to a nearly three-decade low as consumer demand cooled sharply amid a recent surge in mortgage rates. The Mortgage Bankers Association's index of fell 2.9% last week to the lowest level... + full article



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