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Rates have remained below 3% for the last eight weeks, extending opportunities for buyers to lock in historically low financing.
The Federal Housing Finance Agency has extended the deadline for new or modified forbearance to property owners of multifamily units.
Many potential home buyers are still hoping to take advantage of low rates, but competition remains strong.
The U.S. median home price hit a record $380,000 in May, with double-digit year-over-year increases lasting 10 months straight, realtor.com® reports.
The increase in digital mortgage tools is helping lenders get borrowers to closing faster, a new report shows.
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