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Recent Articles

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Redfin CEO warns US housing market can't get much worse from here, as high mortgage rates and high prices have crushed affordability for buyers; market is in a freeze and sales slowdown is bound to last 'a long, long time'

US homebuyer affordability fell in August as the national median payment applied for increased 0.37% to US$2,170 from US$2,162 in July; prospective homebuyers' budgets impacted by high home prices and mortgage rates above 7%: Mortgage Bankers Assn.

US 30-year fixed-rate mortgage averaged 7.31% as of Sep. 28, up from 7.19% a week ago; 30-year FRM averaged 6.70% a year ago: Freddie Mac

US mortgage applications decreased 1.3% in week ended Sep. 22 from one week earlier; Refinance Index decreased 1.0%, Purchase Index decreased 2.0%: Mortgage Bankers Assn

Commentary: Baby boomers are big winners of Fed policies, as years of low interest rates boosted asset prices; meanwhile, younger generations 'can't finance anything' as they face brutal combination of inflation, higher costs for mortgages and other debts

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