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WRAPUP 1-Weak single-family homebuilding weighs on U.S. housing starts – The 30-year fixed mortgage rate dropped to an average of 4.28 percent last week. suggesting a rebound in single-family construction in the coming months. starts for the volatile multi-family.
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U.S. demand for multi-family properties swells – Investors’ desire for multi-family properties has allowed lenders to recover an average of 75 percent of the value of defaulted mortgages tied to multifamily housing – the highest recovery rate among.
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