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Mortgage Refinance

MBA: Mortgage payments increase in October due to high mortgage rates

According to the Mortgage Bankers Association, the median mortgage payment in the U.S. increased in October, but at a slower pace than the previous month. The national median mortgage payment rose 3.7% to $2.012, up from $1,941 in September. “Prospective homebuyers continue to feel the effects from higher mortgage rates in October with the 70-basis …

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