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Mortgage rates are easing slightly, but homebuyers are retreating
Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall.
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Adjacent reporting
- Mortgage rates hit the highest level in a month, causing lower income homebuyers to drop out
- Australian home prices fall as experts predict slump could last a year and cut values by 10%
- Mortgage rates inch up to 6.53% — the latest blow for sidelined spring buyers
- Average US long-term mortgage rate eases to 6.37% after rising five weeks in a row
- What could cause mortgage rates to decline this May?
- Nationwide cuts mortgage rates as lowest fixed deals hit 4.5%