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Young people or first time buyers who own homes (in high cost areas like parts of the east and west coast) on average have higher incomes and are able to qualify for larger mortgages and are able to save much more compared to young people with lower incomes who.
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After rising last week for the first time in three weeks, mortgage applications. for 80% LTV loans. The effective rate decreased from last week. The average contract interest rate for 30-year fixed.
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