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Mortgage [rates surged to 6.44%](https://www.realtor.com/news/real-estate-news/mortgage-rates-rise-6-44-october-17-2024/) for a 30-year fixed loan in the week ending Oct. 17—the highest in roughly two months. In the face of these elevated rates, the number of applications for home purchases went down this week. However, they still remained above the previous year’s pace, which indicates some improvement in homebuyer demand.
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It's definitely a challenging time for homebuyers with rates rising like this. Remember, though, that the market is always changing, and there are still opportunities out there. Don't hesitate to reach out for advice or explore different mortgage options. We're in this together, and your dream home is still within reach! 🏡✨
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