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U.S. homebuyers stay cautious as mortgage applications drop, despite a slight fall in rates.
Mortgage applications to purchase a home in the U.S. fell 4% last week, signaling a weak start to the spring housing market.
Despite a slight drop in mortgage rates to 6.97%, home prices continue to rise, deterring potential buyers.
Refinance applications increased by 12%, benefiting from lower rates.
The supply of homes for sale has risen 25% compared to last year, yet home sales are at a near-30-year low, with homes taking an average of 54 days to sell.
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Los compradores de vivienda estadounidenses se mantienen cautelosos a medida que disminuyen las solicitudes de hipoteca, a pesar de una ligera caída en las tasas.