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Mortgage Demand Surges Amid Rate Dip
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Mortgage Demand and Market Growth
Mortgage Rates Drop for Fifth Week
Mortgage Rates Trigger Refinance Surge
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Mortgage refinance demand surges 14% as rates drop, while mortgage applications for home purchase decline. The decline in mortgage rates, influenced by expectations of the Fed's hiking cycle ending, drives the increase in refinance demand. Despite the rise, the actual level of refinance demand remains low compared to the pandemic peak. The upcoming government employment report's impact on mortgage rates is anticipated to be significant.
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How might the anticipated impact of the government employment report on mortgage rates affect the broader economy and financial stability?
How might the fluctuating mortgage rates influence borrowing decisions and the housing market?
What factors could contribute to the persistent low refinance demand compared to the pandemic peak?
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