Mortgage Rates Hold Steady at 6.77% Amid Stalled Demand
Mortgage rates have held at 6.77%, causing mortgage demand to stall as homebuyers face high costs. Despite bond market volatility, rates have remained surprisingly calm but are now showing signs of moving higher again.
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Weekly mortgage demand stalls along with interest rates, but rates are now moving higher again.
Mortgage rates were unchanged last week, as was mortgage demand, and total volume remains lower than year-ago levels.
Read full article →Mortgage rates hold at 6.77% as homebuyers face high costs and mortgage demand falls
US mortgage rates stayed at 6.77%, while refinance and home purchase applications fell, as high borrowing costs and weak affordability hit buyers.
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