A New Normal, Or A ‘New Weird’? Home Prices Climb Despite 6% Rates

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As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It’s a strange time, a Redfin economist says.

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 Register here. After weeks dragged on and home prices slid further, Redfin analysts spotted something unexpected.

Sale prices unexpectedly reversed course over the last couple of weeks, rising by 1 percent since the start of September and defying expectations for a market where mortgage rates had only recently shot back above 6 […].

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