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Recent Articles

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US 30-year fixed-rate mortgage averaged 5.25% in week ended May 19, down from 5.30% last week; 30-year FRM averaged 3.00% a year ago: Freddie Mac

US mortgage applications decreased 11.0% in week ended May 13 from one week earlier; Refinance Index decreased 10.0%, Purchase Index decreased 12.0%: Mortgage Bankers Assn.

Share of US mortgage loans in forbearance decreased to 0.94% as of Apr. 30 from 1.05% in prior month; share of Ginnie Mae loans in forbearance decreased 11 basis points to 1.29%, Fannie Mae and Freddie Mac loans in forbearance down 6 basis points to 0.43%

US builder confidence in market for newly built single-family homes fell eight points to 69 in May, the fifth consecutive monthly decline; affordability challenges in the form of rising interest rates, material costs and home prices dampened demand: NAHB

Commentary: Rising home prices triggering fears of foreclosure crisis like in 2008, but such a crash is unlikely to occur this time, says former Fed chair Bernanke, due to today's mortgages being of much higher quality than subprime mortgages of mid-2000s

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