Want to live in a big city? You’re going to need a big budget. Housing affordability is a challenge everywhere, but the higher prices in large metro areas make it even tougher. Many hopeful homebuyers who can’t afford their preferred city are looking elsewhere for more affordable housing markets, even if it means moving out […]
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FHA loans, backed by the Federal Housing Administration, are designed to make homeownership more accessible with their favorable terms. These loans are available with both fixed and adjustable interest rates. FHA adjustable-rate mortgages (ARMs) are less common, with adjustable rates accounting for less than 1 percent of FHA loans originated in April 2024, according to […]
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For most Americans, taking out a mortgage is essential for buying a home. But how do you secure a mortgage? This guide breaks down the mortgage process, so you’ll know what to expect when you apply for a home loan. How to get a mortgage Step 1: Strengthen your credit The best loan offers go […]
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In a market characterized by limited inventory and persistently high mortgage rates, housing prices in the U.S. continue to climb. According to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, released on June 25, 2024, annual home-price growth surged by 6.3 percent in April 2024. This marks a new all-time high, surpassing […]
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