'Signs of resilience': Mortgage demand plummets to lowest 2023 level as rates rise for second week

'Signs of resilience': Mortgage demand plummets to lowest 2023 level as rates rise for second week

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U.S. mortgage rates have inched up for the second week in a row, following reports that the economy added a staggering 517,000 jobs and inflation climbed 0.5% in January. “At this rate, Americans need to put at least 18% down on the purchase of a median-priced home if they don’t want to be…

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