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Mortgage Refinance Surge Despite Rates Over 7%

Mortgage Rates rose to over 7% recently on 30 year fixed. Yet, applications to refinance (at higher rates typically) rose 10% last week and are up 4% year to date sources report. Applications for mortgage to purchase a new home fell 5% in the last week and are down over 20% from a year ago. With mortgage applications for new homes down, it may be a good time to consider selling your house direct to Mission Va LLC.

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