Home sales in the Houston area rose 9.1 percent last month as buyers drove. Even a small uptick in interest rates can affect the type of home they can afford. “We’re closing loans closer to 5.
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The pending home sale index – a forward-looking indicator that tracks. Mortgage rates are at multi-year lows – 3.94% on an average 30-year fixed-rate loan of $484,350, according to the Mortgage.
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