Homebuyers dominated the mortgage market last week, but refinancers sat on the sidelines despite the lowest interest rates of the year.
In Denver, homes are taking about two months longer than normal to build because the workforce is slim.
Homebuyers are trickling back into the mortgage market, but not enough to offset the steep drop in refinancing.
Homebuyers are also increasingly choosing adjustable-rate mortgages, hoping to save a few more dollars on payments.
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