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Market Impact: 0.25
US Mortgage Rates Reach 7.5%; Home-Buying Slump Hits Sixth Week
Source: Bloomberg
Interest Rates & YieldsHousing & Real EstateEconomic DataConsumer Demand & Retail
US mortgage rates continued to rise as home-purchasing activity weakened for a sixth consecutive week. The MBA purchase index fell 4%, its longest weekly decline streak since July–August 2023.
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