- Due to a September dip in rates, pending home sales jumped a surprising 7.4% for the month, the highest level since March.
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- The FHFA reported a 0.3% monthly gain in home prices in August, though the annual growth rate dropped to 4.2% from 4.7% in July.
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- Last week’s rising mortgage rates did not inhibit purchase mortgage apps, which rose 5% for the week and were 10% higher than a year ago.
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