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2024-06-22 10:59:16 -

Mortgage Demand Declines for Second Week as Market Awaits Crucial Jobs Report

In the United States, mortgage demand has gone down for the second week in a row, which could mean trouble in the home market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan amounts ($766,550 or less) went up from 7.05% to 7.07%, making it harder for people who want to buy a home and people who already own a home but want to refinance. Rising...

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