The average 30-year fixed mortgage rate from Freddie Mac dropped to 6.35% this week from 6.46% last week.
With mortgage rates recently falling below 6.5%, there has been an improvement in housing affordability.
First-time buyers have to be "demure and mindful" in many ways: finances, prior living situation, buyer offers, and working with a real estate agent.
Examining the different ways single female home buyers approach buying a home and the challenges they face.
The 30-year fixed mortgage rate from Freddie Mac remained essentially flat at 6.49% this week compared to 6.47% last week.
A notable highlight of the findings in the 2024 NAR Member Profile is that new NAR members are more diverse than their experienced counterparts.
Inflation is calmer, thereby setting the Fed Reserve up to start the rate-cutting process in September.
Knowing the mortgage rates and the qualifying incomes for down payments will help potential homeowners find the metro areas they can afford.
The monthly mortgage payment increased by 1.0% compared to the prior month, while the median price of single-family homes increased by 2.4%.
The share of families with children under the age of 18 living in their homes has continued to decline, likely due to a decline in birthrate and a large share of Baby Boomer households whose children may have already left the nest.
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