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The numbers: Mortgage rates are inching closer to 7% as inflation appears to show few signs of cooling.
Rates rose to their highest level since November 2022 in the latest week, pushing demand for mortgages down by 3.7%.
Demand for both purchases and refinances fell. That overall pushed the market composite index — a measure of mortgage application…
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This article was written by Follow Charles Rotblut, CFA is the editor of the AAII Journal, the flagship publication of The American Association of...
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This article was written by Follow Some tickers are covered more than others on the site, so with The Undercovered Dozen our Editors highlight...
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