Mortgage rates lower, home sales soar to record pace

Screen Shot 2016-06-17 at 7.53.57 AMBy Hal M. Bunrick | nerdwallet

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Low mortgage rates are helping fuel a feeding frenzy, especially in the more affordable markets in the U.S. Mortgage rates eased slightly lower Friday — and a new report says the U.S. housing market recorded its fastest sales pace on record in May.

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