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» Drop in Rates Comes as Demand for Purchase Mortgages Slows
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Drop in Rates Comes as Demand for Purchase Mortgages Slows
August 15, 2024
Brandon Ivey
Interest rates on mortgages declined as the traditional homebuying season nears an end. Demand for purchase mortgages also continues to be limited by weak inventory of homes for sale and elevated home prices.
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