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Despite Low Mortgage Rates, America’s Housing Market Keeps Many First-Time Buyers on the Sidelines

December 2, 2021

MarketWatch, Dec. 2, 2021–Jacob Passy
There’s been a rebound in home-buying demand in recent weeks, as evidenced by mortgage application data. But first-time buyers aren’t behind the surge. The latest data from the Mortgage Bankers Association, for the week ending Nov. 26, showed that overall mortgage applications dropped 7.2% on a weekly basis.
https://www.marketwatch.com/story/despite-low-mortgage-rates-americas-housing-market-keeps-many-first-time-buyers-on-the-sidelines-11638445072

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