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Mortgage rates for July 22

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Joel Kan, MBA economist, said: “On a seasonally adjusted basis compared to the week of July 4, mortgage applications were broadly lower, with purchase orders back nearing levels. lowest since May 2020,” Joel Kan, an MBA economist, said in a statement. “Limited inventory and higher prices are keeping some potential homebuyers out of the market. Refinancing activity has declined for the week, but as interest rates remain relatively low, registration rates are close to their highest levels since early May.”

https://www.washingtonpost.com/business/2021/07/22/fixed-mortgage-rates-are-back-down-february-lows-after-sharp-decline-bond-yields-removal-unpopular-refinance-fee/?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Mortgage rates for July 22

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