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Recent Articles

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Fannie Mae's ESR Group downgrades total home sales forecast to 4.82 million in 2024 due to affordability constraints, representing a 1.3% annual gain

US 30-year fixed-rate mortgage averaged 6.87% as of Jun. 20, down from 6.95% a week ago; 30-year FRM averaged 6.67% a year ago: Freddie Mac

Pro-Gest decides not to pay accrued interest on its €250M 3.25% Senior Notes due 2024 on June 15, 2024, scheduled interest payment date in effort to preserve liquidity position; Pro-Gest in discussions with creditors to reshape group's capital structure

US single-family housing starts fall below 1 million for the first time since October 2023, a 20% decrease year-over-year amid high interest rates and supply-side challenges; of four major regions, only the West saw growth in residential construction

Bankrate: May's 'ho-hum' retail sales report might be a good thing, as softness indicates high interest rates are dampening demand, but not excessively so; numbers that are too hot would fuel inflation fears, and too cold could foreshadow a recession

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