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Government-Backed Purchases Rise as Other Market Metrics Slide
MPA, Aug. 17, 2023-Tony Cantu
Mortgage loan application volume and refinances were both down this week, while the 30-year fixed mortgage rate increased for the third straight week. The one bright spot: Government purchases are up as borrowers continued to take out more government-backed loans–a trend illustrated by the nation’s largest wholesale lender.
https://www.mpamag.com/us/specialty/wholesale/government-backed-purchases-rise-as-other-market-metrics-slide/456617