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Tag Archives: Realtor.com

Mortgage Rates Shift Gears

For the first time in 10 weeks, mortgage rates have risen above the 3% mark, with forecasters projecting a gradual rise in rates to close out 2021.

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Purchase Volume and Refis Tail Off

Even with rates bordering the 3% mark, both purchase applications and refi volume saw slight declines this week with the continued cloud of low inventory and high prices factoring into homebuyer’s decisions.

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Homebuyers on the Clock

With housing inventory drastically reduced, prospective buyers are jumping on the short supply, and listings are spending less and less time on the market.

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