Mortgage demand rises after nearly a month of declines as buyers respond to pullback in rates

Dec 14 2022 by Business Insider

 
A row house for sale in Washington D.C.

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Weekly applications for home loans have risen after weeks of declines.  The average 30-year fixed-rate for mortgages was at 6.42%, near its lowest in a month.  Separate data from Black Knight shows 8% of homebuyers with mortgages are underwater. 

Weekly applications for home loans have edged higher, suggesting some pick-up in appetite in the housing market with borrowing costs recently pulling back from...

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