Mortgage demand picks up as seller concessions rise
Housing Wire
JANUARY 11, 2023
Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . In the third quarter of 2022 and the fourth quarter of 2021, sellers gave concessions in 30% of home sales.
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