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Mortgage Information U.S. Housing Market

Spring home buying season shows ‘steady demand’ as mortgage rates slip for second week

By Third PartyMarch 27, 2023

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Source: Fox Business —

The spring home buying season is showing “steady demand” as mortgage rates slip for a second week in a row.

On Wednesday, the Federal Reserve raised its key interest rate by a quarter-percentage point and signaled that it could soon pause the increases amid the worst banking crisis since 2008.

Despite the Fed’s announcement this week, Redfin says its overall housing-market outlook for this spring hasn’t wavered.

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Source: Fox Business —

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