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The data is based on Freddie Mac’s Primary Mortgage Market Survey, a weekly poll of more than 100 lenders around the country. Unfortunately for Spokane home buyers and other local rate shoppers, the Freddie Mac figures are low. Both mortgage rates and fees rose by more than what’s being reported. Freddie Mac’s data is not real-time.
They rose slightly in the $100,000 to $250,000 bracket and jumped by roughly 20 per cent in homes priced at higher levels. Last year, low mortgage rates helped offset rising home prices. to.
Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices – Maggie Rose, Realtor, Presents South West Florida Luxury Homes .
Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars pushing up prices 7.1 percent to a median $228,900.
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