Homebuyers are applying for ever bigger mortgages as home prices soar
The average rate for 30-year fixed-rate mortgages increased to 3.15% from 3.11%
Mortgage applications to purchase a home fell 4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was just 2% higher than the same week one year ago, when the housing market was just starting to come back after the pandemi…
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