Mortgage Rates Fall to 5-Month Low. Buyers Hold Out for More Drops, but Homeowners Are Refinancing.

Gaylene Pecora
July 25, 2024

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The numbers: Applications for mortgages fell despite the 30-year rate falling for the third week in a row, as home buyers sat on the sidelines. The 30-year fell to the lowest rate since February, but was still high enough to keep home buyers away. Buyers are also grappling with record-high home prices , which together
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