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  • Writer's pictureNorthPoint Financial

The Medium U.S. Home Price in March

The average rate on a 30-year fixed-rate mortgage was 5% as of April 13, up from 3.04% a year earlier, according to mortgage finance giant Freddie Mac.⁠ ⁠⁠

At the same time, home-buying demand continues to exceed the extremely low inventory of homes for sale. Many homes on the market receive multiple offers, pushing prices higher.

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