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...“The recent decline in rates has given the housing market some cause for optimism going into 2024,” said MBA chief economist Joel Kan....
...“Slower inflation and financial markets anticipating the potential end of the Fed’s hiking cycle are both behind the recent decline in rates”, said MBA deputy chief economist Joel Kan....
...“Rates have declined more than 50 basis points over the past six weeks, which has helped to spur a small increase in purchase applications,” said MBA deputy chief economist Joel Kan, adding that “activity...
...“US bond yields continued to move lower as incoming data signalled a softer economy and more signs of cooling inflation,” said MBA deputy chief economist Joel Kan....
...However, the 30-year rate “remained close to 23-year highs and has been above the 7 per cent level since early August”, MBA economist Joel Kan said, which has weighed on the broader housing market....
...“Mortgage rates continued to move higher last week as markets digested the recent upswing in Treasury yields”, said MBA’s deputy chief economist Joel Kan....
...That is the highest level for the rate since 2001, said MBA vice-president Joel Kan in a statement. The mortgage rate for loans above $647,200 increased from 6.31 per cent to 6.53 per cent....
...For Joel Guevara, a university student who says he was detained and beaten by the police last year: “There are violations of rights, of freedom, of life.”...
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