US Home Purchase Applications Decline Amid Rising Mortgage Rates
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#fd4fc180 ver:0.85

US home purchase applications decline as mortgage rates rise, posing challenges for buyers. Despite a slight decline in rates, they remain relatively high, making it harder to afford purchases. Inventory shortage and rising prices exacerbate the issue. However, homebuilders are increasing production and offering incentives. Refinancing options drive a 1.9% increase in mortgage applications, but lack of for-sale houses keeps purchase activity low. The Federal Reserve is monitoring the labor market, and a sustained uptick in unemployment could prompt rate cuts. Mortgage demand drops as rates rise for the fourth straight week. #housingmarket #mortgagerates #homebuyers...

#newstr #UsEconomy #MortgageRates #HousingMarket 

 https://here.news/story/fd4fc180?ver=0.85