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Foreclosures happen when a lender takes a property from an owner who has defaulted on their mortgage and has fallen behind on payments. Sklar of The Sklar Team of Coldwell Banker in Weston, Florida.

Freddie Mac’s (OTCQB: FMCC) Primary Mortgage Market Survey® on Thursday showed that the 30-year fixed-rate mortgage remained unchanged from last week at 3.82%. Sam Khater, Freddie Mac’s chief.

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