
US Mortgage Rates Reach Nine-Month High
US mortgage rates have climbed to their highest level in nine months, impacting refinance demand which has dropped by 18%. This marks a new peak for the year in borrowing costs for homeowners.
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Mortgage refinance demand drops 18% as rates hit highest level since August
Mortgage rates rose to the highest level in 9 months, hitting refinance demand hardest. Homebuyers also pulled back but were still more active than last year.
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