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Mortgage rates in the U.S. soared, surpassing 4% for the first time in almost three years. The average for a 30-year loan was 4.16%, up from 3.85% last week and the highest since April 2019, Freddie Mac said in a statement Thursday. Rates…
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The multifamily market continued to defy expectations in February as rent growth soared to a new peak of 15.4%, according to the Yardi Matrix Multifamily National Report. Multifamily asking rents increased $10 last month to a national…
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Also affected: “The other implication of a rising mortgage rate environment is the rate lock-in effect,” Kushi said. “Many homeowners have locked into historically low rates, and are less likely to move as rates move higher - this does not…
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