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"The latest affordability data presents a clear challenge for home buyers," said Rob Barber, CEO of ATTOM. "While home prices are increasing and mortgage rates remain relatively high, these factors are making homes less affordable." Affordability is worsening across the country, thanks to a seco...
Still, the broad decline in rates since last fall is good news for homebuyers, as it boosts their purchasing power at a time when home prices have kept climbing rising despite a deep housing market slump. Sales of previously occupied U.S. homes sank more th...
“Biden’s policies are better for the economy,” says Mark Zandi, chief economist of Moody’s Analytics. “They lead to more growth and less inflation.” According to a Moody’s study, Trump’s plan would trigger a recession by mid-2025 and an economy that gr...
MORTGAGE CALCULATOR: SEE HOW MUCH HIGHER RATES COULD COST YOU Homes sold on average in just 29 days last month. That is up from the 25 days recorded in November and 26 days in December 2022. Before theCOVID-19 pandemic, homes typically sat on the market for about a month before being ...
The proportion of homes in mortgage arrears has fallen to its lowest level since just after the crash, new figures from the Central Bank of Ireland show. There were 28,197 homes that had been in arrears for more than 90 days at the end of June, or 4 per cent...
Elevated mortgage rates, which can add hundreds of dollars a month in costs for borrowers, have kept many would-be homebuyers on the sidelines, extending the nation’s housing slump into its third year. Sales of previously occupied U.S. homes are running below last year’s pace, ...
We’ll find you the best interest rate for your mortgage because we have the independence – and the freedom – to provide the lowest rates in the industry. We have consistently shown to provide mortgage rates lower than the national average and lower than any other lender. ...
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Shorter-term mortgages typically have lower interest rates than 30-year mortgages. Because you also pay interest for a shorter period, you can save money with a shorter-term mortgage, such as a 15-year term. However, you’ll need to make sure you can afford the higher monthly payment. ...