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The 30-year, fixed-rate mortgage fell for the second week in a row to 6.67%, which MBA vice president and deputy chief economist Joel Kan observed was now almost 50 basis points lower than the recent peak of 7.16% recorded a month ago. Read…
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At the same time, Black Knight’s numbers showed the first signs of the aftermath from Hurricane Ian, with the national delinquency rate shooting up from September to 2.91% in October and Florida topping the list of most new early…
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Similarly, investors saw their market share shrink for the second quarter in a row as they held off on making home purchases, buying around 65,000 homes in the metropolitan areas included in Redfin’s third quarter report. This equated to…
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