Midyear Check-In: New Forecast Shakes up 2024 Predictions
Mortgage Rate Relief: Year-end forecast dips to 6.3%. Home Prices Rising: Home prices are predicted to grow by 4.6% in 2024, reversing earlier expectations of a decline.
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An interest rate cut is coming. Here’s what to do with your money beforehand
The Federal Reserve is expected to cut interest rates soon, potentially easing financial burdens for those with loans. However, uncertainty remains about the extent of the cuts. Experts recommend taking advantage of high-yield savings accounts, prioritizing credit card debt repayment, and considering mortgage refinancing. They advise against over-relying on CDs, trying to time the market, … Continued
Essential Tips for Building Strong Credit
Key factors influencing credit scores include payment history, credit age, and utilization. Use credit cards responsibly, pay on time, and keep balances low.
Essential Legal Tips for Home Buyers
Verify property titles to confirm ownership and any liens before purchasing Real Estate. Review the purchase agreement carefully, noting terms like price, financing, and contingencies.
Starter Homes Reach $1M in 237 Cities
Starter homes now cost $1Min 237 U.S. cities, up from 84 cities five years ago. The dramatic price increase is driven by a severe housing shortage worsened since the pandemic. u
2 Ways to Get a Great 30-Year Mortgage Rate
The average 30-year mortgage rate has decreased to 6.87%, down from 7.00% the previous week and much lower than the 7.90% peak in October 2023. To find the best mortgage rates, it's crucial to shop around and improve your credit score. A higher credit score can lead to significant interest savings over the life of … Continued
Maximize Savings for Buying Your First Home With the 28% Rule
The 28% rule suggests spending no more than 28% of gross income on a mortgage. FHA allows up to 31% of gross income for mortgage payments, offering more flexibility.
Late-Q3 2024 Rate Cuts: Best Time to Buy?
Recent years have seen high mortgage rates and elevated home prices, making buying a home difficult.Cooling inflation has lowered mortgage rates to a 15-month low, offering new opportunities for homebuyers.
Don’t Get Burned: Essential Refinancing Tips
Rates remain high but may fall soon, making refinancing potentially beneficial for recent borrowers. Verify sufficient home equity (typically 15-20%) before considering refinancing your home equity loan.
Tips for Building Your Dream Home: Invest in Luxury
Building a luxury home creates a personalized sanctuary with comfort and longevity. Location is crucial: seek exclusivity, tranquility, and easy access to amenities for your luxury home.