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The equity blessings of rapid home price growth bear the curse of property-tax sticker shock
Default risk on purchase loans match default risk on refinances for the first time since 2021, per new Milliman research
Fannie Mae and Freddie Mac exhibit contrasting risk trajectories, while purchase loans dominate in a high-interest rate environment.
Milliman Mortgage Default Index shows dramatic drop, led by 87% decline in refis.
