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Average shelf life of a mortgage nearly halves in a month

10 June 2024
in Business
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Average shelf life of a mortgage nearly halves in a month
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The average shelf life of a mortgage has nearly halved in just one month, dropping from 67 days to 37 days. This decrease is due to heightened competition among lenders and a surge in refinancing activity. Borrowers are advised to act quickly when securing a mortgage in order to take advantage of the current market conditions.

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