Mortgage rates drop to lowest since mid-December, but demand still falls short
Applications for a mortgage to purchase a home were flat for the week and 3% higher than the same week one year ago.
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• Delinquencies fell 24 basis points (bps) to 3.47% in January; that’s 1…
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• The national delinquency rate eased 2 basis points (bps) to 3.72…
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