Mortgage demand surges by 40 percent from a year ago amid house-buying spree, low rates

📆 9/9/2020 4:44 PM
📰 NBCNews

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Mortgage demand surges by 40% from a year ago amid a house-buying spree and low rates.

While the figure may have been skewed slightly by the Labor Day holiday, which fell earlier last year, purchase demand is still running significantly higher than a year ago.

For the 15-year fixed rate mortgage, the rate declined to a record low of 2.62 percent on conventional loans.

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Most of the smaller older homes and cottages near me are all under contract.

Crash coming

Hooray.. The Wealthy Elite are gobbling up properties that once belonged to Their Neighbors.. PandemicProfiteers

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