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Recent Articles

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CoreLogic US Home Price Index slowed to 13.5% year-over-year in August, reflecting cooling buyer demand mainly due to higher interest rates; annual gains projected to slow to 3.2% by August 2023

Typical US homebuyers who took out a mortgage in July made a down payment of US$62,500, up 13.6% year-over-year; down payments increased most in Denver, Baltimore, Charlotte, Nashville and Newark: Redfin

US 30-year fixed-rate mortgage averaged 6.66% as of Oct. 6, down from 6.70% last week; 30-year FRM averaged 2.99% a year ago: Freddie Mac

US mortgage applications decreased 14.2% in week ended Sep. 30 from one week earlier; Refinance Index decreased 18.0%, Purchase Index decreased 13.0%: Mortgage Bankers Assn

Moody's: Mortgage defaults, foreclosures expected to rise and end of rate hikes unlikely until 'well after' next spring; average home size in 50 top markets for US$3,000 monthly budget down 9% year-over-year to 1,498 square feet on spiking mortgage rates

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