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Average 30-year mortgage rate falls to 3.62%

WASHINGTON – Average long-term U.S. mortgage rates fell this week as anxiety over the global economy persisted. Long-term rates resumed their decline after being unchanged last week following six straight weeks of easing. Mortgage buyer Freddie Mac said Thursday...

Market for Fixer-Uppers Traps Low-Income Buyers

AKRON, Ohio — Hundreds of broken-down houses still dot the streets of this onetime tire capital of the world, a scar from the financial crisis and housing bust. The wood has rotted in some; others have black mold, broken windows or failing foundations. Many lack...