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Tag: Buying Power

Housing Affordability

July 8, 2024
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| Buying a Home, FSBO, Local Experts, Mortgage Info, Real Estate, Selling a Home, Short Sale & Foreclosure, Uncategorized

Low mortgage rates fueled housing price increases, and now home affordability remains a challenge with with the higher priced homes at our increased interest rates. Demand still remains high, and defaults remain low. Here are some data points for your review from CoreLogic. Key notes to consider: Mortgage payments are on time with delinquencies & […]

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Interest Rates Affect Buying Power

May 22, 2018
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| Buying a Home, Featured Property, Local Experts, Mortgage Info, Real Estate

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. […]

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