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Mortgage Rates Spike

The average 30-year, fixed mortgage rate spiked this week, to 4.58 percent—a high not hit in four years, according to Freddie Mac's Primary Mortgage Market Survey® (PMMS®). The average was 4.47 percent the prior week.

The average 15-year, fixed rate, at the same time, was 4.02 percent, while the five-year,...

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Are Buyers Stretched Too Thin?

With a nationwide inventory shortage, home prices are spiking, spurring bidding wars in tough-to-negotiate sellers' markets—and yet, these conditions are not dissuading buyers from throwing their hat in the ring, even if that means stretching themselves thin to reach that homeownership goal.

According to a CoreLogic study completed for <a...

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