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Mortgage Forbearance Rate Up Near 8%, Housing Assistance Fund Proposed

The mortgage forbearance rate increased again last week, rising to 7.91% from 7.54% a week earlier, per the Mortgage Bankers Association (MBA). That marked the smallest weekly increase (4.91%) since the newly-created Forbearance and Call Volume Survey was launched, but it’s important to remember it was only 0.25% back in March. Additionally, the weekly gains [&hellip
Source: Mortgage