Real estate deals canceled at highest rate in nearly a year as mortgage rates tick up

Real estate deals canceled at highest rate in nearly a year as mortgage rates tick up

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Fifty-three thousand real estate deals were canceled last month — the highest rate in nearly a year — as rising borrowing rates continue to scare off buyers, Redfin reported. In September, 16.3% of home purchase agreements in the U.S. were canceled, according to the technology-powered real estate…

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