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Mortgage demand surges to 5-week high after recent drop in mortgage rates

Por: Fox Business Business November 16, 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 rose to the highest level in five weeks as consumer demand roared back to life amid a recent drop in mortgage rates. The Mortgage Bankers Association's (MBA) index of rose 2.8% last week, compared with... + full article



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