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Increasing mortgage rates, home prices, and loan fees makes second-home buyers say no thanks.
Homebuying demand pulls back further as mortgage rates near 13-year high.
The national share of price drops reaches a record high.
Surging prices and interest rates have made mortgages less affordable than at any time since at least 2007.
Rising mortgage rates cause home sales to fall in May for only the second time on record, while home prices saw the smallest May increase on record.
Surging mortgage rates and home prices cited for fourth straight monthly decline in competition among buyers.
