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7 Tragic Mistakes Pretty Much All First-Time Homebuyers Make After Moving In
irst-time homebuyers who manage to snag a house today have every reason to be excited. Congratulations! Yet once you move in and start decorating, watch out: A whole lot can go wrong. When it comes to feathering their nest, homeowners rarely get it right the first time. The result? Frightening paint colors, furniture that doesn’t […]
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Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market
t could be more listings on the market, or perhaps just fear that interest rates will move even higher, but homebuyers are showing more demand for mortgages. They are, however, turning even more to adjustable-rate mortgages (ARMs), which offer lower rates. That gives them an advantage as both rates and home prices continue to climb. […]
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Record-High Home Prices, Rising Mortgage Rates, and a Glimmer of Hope for Homebuyers
Homebuyers are facing the perfect storm in the form of rising mortgage rates combined with yet another month of record-shattering home prices. In April, median home prices soared to an all-time high of $425,000, according to a recent Realtor.com® report. That’s a whopping 14.2% rise compared with last year. Meanwhile, skyrocketing mortgage rates averaged 5.1% by the end of April for […]
