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AmextaFinance > Finance > Mortgage demand falls as rates surge to the highest level since October 2022
Finance

Mortgage demand falls as rates surge to the highest level since October 2022

News Room
Last updated: 2023/08/16 at 9:52 AM
By News Room
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The numbers: Mortgage rates rose for the third week in a row to their highest level since October 2022, as the U.S. economy shows signs of resilience. 

Rates surged on the back of mixed data on inflation and a strong labor market, which signal to the market that the U.S. Federal Reserve may not be done with rate hikes.

The 30-year was averaging…

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News Room August 16, 2023 August 16, 2023
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