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Weekly Recap May 29th

- 30-year fixed rates hovered between ~6.59% and ~6.65%, with borrower demand still soft
- Mortgage applications fell again as refinancing activity cooled
- California moved to tighten its starter-home law to reduce local zoning workarounds
- Charlotte’s River District advanced plans for 158 new townhome rentals
- Pineville’s Heritage Pineville project will add 200+ apartments plus retail downtown
- Huntersville approved the 44-acre Knox Crossing mixed-use development with 400+ homes
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