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The numbers: Mortgage rates fell over the latest week, but demand for mortgages fell to multidecade lows as U.S. home buyers stayed put.
Demand for mortgages fell to the lowest level since December 1996, while purchase applications fell to a 28-year low, despite rates falling 10 basis points over the last week. The 30-year was averaging at 7.21%.
Demand…
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This article was written by Follow Other writing on Substack: https://yieldstrategies.substack.com/I am currently focused on income investing through either common shares, preferred shares, or...
This article was written by Follow Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in...
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