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Falling rates boost home buyers' purchasing power — but bidding wars are back

A drop in mortgage rates boosted buyers’ purchasing power by nearly $40,000, Redfin said in a new report.

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Seattle-based-redfin-premier
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Housingmarket
Housing
Homebuying
Realestate
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Homeprice
Homeprices
Mortgage

Mortgage rates inch up to highest level in six weeks

The 30-year mortgage rate is averaging at 6.69%, Freddie Mac said in its latest weekly survey on Thursday.

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Sam-khater
Bob-broeksmit
Freddie-mac
Mortgage-bankers-association
Mortgage-news-daily
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Housing
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7mortgagerates
Housingmarket
Freddiemac

Sales of new homes surged in December as mortgage rates dipped below 7%

New-home sales were at an annual rate of 664,000 in December, compared with 615,000 in the prior month.

Pennsylvania
United-states
Rob-bowman
Freddie-mac
Thomas-ryan
Dr-horton-inc
Toll-brothers-inc
Pultegroup-inc
Lennar-corp
Commerce-department
Capital-economics
Charter-homes

Mortgage demand inches up as some buyers dip their toes in

Mortgage applications rose 3.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.78%.

Joel-kan
Housing-administration
Mortgage-bankers-association
Federal-housing-administration
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Housing
Housingmarket
Homesales
Mortgage
7mortgagerates
Mortgageapplications
Banking

Two-thirds of Americans say buying a home is overrated as a financial goal

The housing market is so unaffordable that many are turning to renting indefinitely.

United-states
Americans
American
Cicely-jones
Gen-xers
Equitable-advisors
San-francisco-bay-area
Gen-zers
Great-recession
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Housing

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