Maryland’s housing department lowered the interest rate for its state-backed mortgage program for the second time this year in a push to stimulate first-time homeownership. The Department of Housing and Community Development said Thursday the interest rate for its zero-point Maryland Mortgage Program mortgages has been reduced to 4.75%.
Maryland drops interest rate for mortgage assistance program
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.
