Falling Mortgage Rates, Lower Home Prices: Welcome to the Housing Market’s New Reality
Getty ImagesThe historically busy summer real estate market is officially here, and with it comes a double dose of good news for buyers.Mortgage rates fell for the third week in a row, hitting 6.67% for the average 30-year fixed-rate mortgage for the week ending June 22, according to Freddie Mac. Th
Bad News for Aspiring Home Buyers: One Type of Mortgage Is Becoming Increasingly Rare
Getty ImagesBuying a cheap house, or one that’s $150,000 or less, may seem like an attractive idea for many renters who are seeing home prices spiral out of control. But finding financing to pay for that home can be a tall task.Mortgages to purchase homes under $150,000 have become “increasingly rar
Another Perk of Homeownership? Lower Inflation
While “shelter costs” make up 25% of the Consumer Price Index, the calculation only looks at rising rents. SMR calls that “a major flaw” and developed its own index.
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