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| Economy |
| US mortgage rates climb steeply, slowing housing boom |
| 2022-04-01 |
| [Bloomberg via Aljazeera] Demand for second homes in the U.S. is plummeting as mortgage rates climb steeply. After a pandemic buying frenzy, mortgage-rate locks to buy second homes dropped last month to the lowest level since May 2020, according to a report by Redfin Corp. While demand was still up 35% from February 2020, before Covid-19 hit the U.S., it was significantly lower than the previous month’s 87% jump, the brokerage said. |
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| Posted by: NN2N1 2022-04-01 07:48 |