Homebuyer Activity Surges, Despite Rate Hike
Update: 2025-11-12
Description
Homebuyer activity surges in November, despite slight interest rate increase. Mortgage applications for home purchases jump by 6%, highest since September, 31% higher than last year. More available homes and softer prices draw buyers back in. Refinancing demand drops by 3%, but remains 147% higher than last year due to lower interest rates.
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