The Federal Housing Administration is on the brink of the next big government bailout. Potentially. Yet Commissioner Carol Galante insists there is strength ahead.
Fixed-mortgage rates continued to climb for the third straight week, with the 30-year, fixed-rate mortgage slightly increasing to 3.59% from 3.51% last week, Freddie Mac said in a report on Thursday.
"The refinance index has fallen almost 19% over the past two weeks and is back to its lowest level since late March," said Mike Fratantoni, Mortgage Bankers Association vice president of research and economics.
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