A hidden housing crisis is sweeping the US as debt collectors revive forgotten mortgages to seize homes. Bloomberg reporters uncover how outdated laws and predatory tactics have left millions at risk.
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With mortgage rates still hovering near 2025 lows, purchase loan applications hit their second-highest level of the year last week after adjusting for seasonal factors.
The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. The uptick brings the average long-term mortgage rate to 6.22% from 6.19% last week, mortgage buyer Freddie Mac said Thursday.
The Fed Money Printing | Danielle DiMartino Booth with David Lin
Danielle DiMartino Booth, CEO of QI Research, discusses the FOMC's latest meeting, and the outlook for Fed monetary policy, inflation, and quantitative easing.
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