Many Home Buyers Apply For Family Backed Mortgages As Interest Rate Hikes

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In: New Home Mortgage News

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It’s not the best time to buy a home, with home prices hovering near all-time highs and mortgage rates continuing to rise.  The average mortgage rate on a 30-year loan was 5.54% on July 21, according to St. Louis FedContinue Reading

Steps Towards Affordable Homeownership Despite of Rising Rates

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In: Mortgage News

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Taking out a mortgage is now much more expensive than it was recently. While mortgage rates plummeted during the pandemic and it was possible to obtain a 30-year fixed-rate loan with an interest rate of less than 3%, interest ratesContinue Reading

How to Prepare for Rising Interest Rates in 2022

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In: Mortgage News

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With Goldman Sachs foreseeing that the Federal Reserve will raise its benchmark loan fee by a full rate point this year, you may be stressing that loan fee climbs could influence your funds. The government supports rate, which is setContinue Reading

Are Rising Mortgage Rates Related To Inflation

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In: Mortgage News

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Last updated on December 26th, 2022 at 09:35 pmAccording to the U.S. Bureau of Labor Statistics, last month in the United States, the average rate of a 30-year mortgage costs a bit more than 3 % because the rate ofContinue Reading