Mortgage Rates Rise to 7.19%, Close to 2023 High
“Homebuyers waiting for mortgage rates to come down should expect no major relief until next year,” says Lisa Sturtevant, chief economist for Bright MLS.
More Owners Take Middle Ground to Save on Insurance
Rather than drop property insurance altogether, some owners are choosing high deductibles to save money – a risky move that covers only catastrophic problems.
NAR: August Existing-Home Sales Drop 0.7%
Sales fell 15.3% year-to-year, but prices rose 3.9% as demand continued to outpace supply. Listings were also down, with 0.9% fewer in Aug. month-to-month.
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