In the latest developments in the mortgage industry, mortgage rates have experienced a slight increase in the past week. This uptick comes as the U.S. economy maintains its robust performance, demonstrating resilience despite the lukewarm activity in the housing market.
Key points from the report include:
– Mortgage rates have seen a modest rise in the recent week
– The U.S. economy is displaying signs of strength and stability
– Home sales, however, are showing sluggish growth, indicating a tepid housing market
– The overall outlook suggests a nuanced landscape for both buyers and sellers in the mortgage industry
You can read this full article at: https://www.housingwire.com/articles/resilient-economy-keeps-mortgage-rates-above-7/(subscription required)
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