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Tag Archives: Redfin

Mortgage Rates Jump to 14-Year High

Mortgage rates jumped 23 basis points week-over-week, hitting a high mark last seen in late 2008, as heightened inflationary concerns are pushing more prospective buyers back to the sidelines.

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More Affluent Buyers Turning to ARMs

An erratic mortgage rate market has not necessarily been a “farewell to ARMs,” as Zillow reports the share of ARM apps hit a 15-year high point, comprised primarily of those making nearly $75,000 more than the average borrower.

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Slowing Market Boosts Negotiating Power

More and more buyer home-purchase agreements were cancelled in July to the highest mortgage rates seen in two years. Click through to see how many took advantage of their newfound negotiating power.

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