How to contract wars9/20/2023 ![]() ![]() ![]() Price gains have been close to 20% year over year. Then it began rising and crossed over 3%, ending the month at 3.15%.īuyers are also still contending with very high home prices. The average rate on 30-year fixed-rate mortgages fell below 3% in July and stayed there until the first week of September, according to Mortgage News Daily. Sales may have dropped due to higher mortgage rates. Pending sales are a forward-looking indicator of closed sales in one to two months.
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