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New homes under construction in Tucson, Arizona. Photographer: Rebecca Noble/Bloomberg Rebecca Noble/Bloomberg Sales of new U.S. homes fell in March to a four-month low, indicating high prices and surging borrowing costs are putting…
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Rocket Cos. is the latest mortgage industry participant to undertake a staff reduction, with the company confirming an internal announcement made late on April 25. It is offering a voluntary buyout to 8% of its employees in Rocket…
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Mortgage closing costs jumped by over 13% in 2021, in line with increases of other mortgage fees. But when measured as a percentage of the purchase price, costs actually registered a slight decline, a new report found. The average…
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