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Neil Pierson

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Mortgage demand drops 22% during holidays as rates move higher

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Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application...

Refinance activity is up 27%, but higher mortgage rates have pumped...

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Refinance volume is only a fraction of what it was three years ago when mortgage rates plummeted to historic lows, but borrowers have returned...
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