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Buying a house with bad credit is possible but may result in high mortgage rates. Those with scores above 580 could consider FHA loans or government-backed mortgages. Improve your chances of mortgage approval by increasing your credit score or saving for a larger down payment. First-time homebuyers have specific programs to help them qualify. Different … Continued

Mortgages have increased, impacting monthly budgets. Ways to lower mortgage payments include making a bigger down payment, reducing homeowner’s insurance costs, recasting the mortgage, making bi-weekly payments, refinancing, getting a property tax assessment, negotiating a lower interest rate, downsizing, applying for a modification program, lengthening the loan term, renting out spare space, and paying mortgage … Continued

The US housing market is affected by rising mortgage rates, currently at 6.89%. Experts predict a gradual decline but rates above 6.5% for 2024. Different forecasts suggest rates around 7% or potentially dropping to 6.5%. Factors like inflation, economic growth, and global events will influence future rate cuts and mortgage rate movements. Staying informed about … Continued

The housing market saw a surge due to the pandemic and low mortgage rates, but now faces challenges with rising interest rates and inflation. Bank of America economists predict a slow market until 2026 due to factors like the "lock-in effect" and affordability issues. Home prices are expected to rise slowly, with a potential dip … Continued

The Federal Reserve is considering cutting interest rates due to slowing inflation. The Fed's actions impact borrowing rates, affecting economic activity. Despite strong GDP growth and low inflation risk, the Fed may cut rates in July. Data shows a healthy economy with low delinquency rates and rising wages. Economists suggest a modest rate cut to … Continued