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Mortgage rates for Sept. 30

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“Mortgage purposes for house purchases and refinances decreased barely final week,” stated Bob Broeksmit, MBA president and CEO. “The prospects of stronger financial progress, and the Federal Reserve’s pending taper of asset purchases, led to a rise in mortgage charges. … The housing market’s sturdy demand from the summer time has carried into the autumn, however low stock continues to suppress exercise and push house costs larger. The common mortgage dimension for a purchase order utility reached $410,000, the best since Might 2021.”

https://www.washingtonpost.com/enterprise/2021/09/30/mortgage-rates-are-driven-higher-by-rising-treasury-yields/?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Mortgage charges for Sept. 30

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