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‘Stress test’ mortgage rate falls for first time since 2016 – Becoming a homeowner in Canada just got a bit easier now that the rate used to stress test mortgages has fallen for the first.
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Mortgage applications surge on refinances as rates hit 21-month low – Americans are scrambling to refinance mortgages as borrowing costs tumble. With mortgage rates falling to the lowest level since September 2017, total mortgage applications surged 26.8% last week, led.
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