CNBC
US · 1 hrs ago
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Mortgage rates hit the highest level in a month, causing lower-income homebuyers to drop out
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Mortgage rates reached their highest level in a month, leading to reduced loan demand and a rise in average loan sizes, suggesting that lower-income homebuyers have exited the market.
Mortgage rates hit the highest level in a month, causing lower-income homebuyers to drop out
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise -- indicating that lower-income borrowers dropped out.
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