Homebuyer Activity Surges, Despite Rate Hike

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Homebuyer activity surges in November, despite slight interest rate increase. Mortgage applications for home purchases jump by 6%, highest since September, 31% higher than last year. More available homes and softer prices draw buyers back in. Refinancing demand drops by 3%, but remains 147% higher than last year due to lower interest rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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