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Real Estate Finance News Recap: October 2021

Here’s a quick digest of what happened in real estate finance last month:

+ 30-year mortgage rates ended the month at 3.14%. While rates are rising, purchase demand is remaining steady.

+ Inflation reached a 13-year high of 5.4% annually. This has led the Fed’s announcement to raise interest rates and taper the purchase of Treasurys and mortgage-backed securities.

+ The Mortgage Bankers Association has forecasted 30-year mortgage rates to hit 4.0% by the end of 2022.


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