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“First-time home buyers who rely on these government programs are increasingly challenged," says MBA's chief economist.
Despite increasing appreciation, fewer homeowners seem to be taking advantage except in these locales.
Home buyers can expect higher financing costs after the Federal Reserve raised its short-term benchmark rate for the first time in three years.
The government agency says it's increasing the monitoring of servicers to ensure they’re using funding sources to help financially struggling owners.
Following two weeks of declines, mortgage rates edged up—a pattern economists largely agree will continue.
Over the past decade, about 71% of the increase in housing wealth has been from high-income households, according to a new NAR report.
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