"December 18, 2024" Archives

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Mortgage demand falls for the first time in five weeks as interest rates increase

Mortgage applications declined 0.7% on a seasonally adjusted basis during the week ending Dec. 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Rising mortgage rates last week were a likely factor…

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