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Market Impact: 0.2
US Mortgage Rates Retreat for Third Week While Holding Above 7%
Source: Bloomberg
Interest Rates & YieldsHousing & Real EstateConsumer Demand & Retail
US mortgage rates declined for a third consecutive week, but purchase activity also fell. The drop in buying activity suggests borrowing costs remain prohibitively high for many prospective homebuyers; the article gives no rate or activity figures.
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