First-time Homebuyers Aren't Buying Until Mortgage Rates Drop. It Could Be A Long Wait.

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Wed, 05/22/2024 - 6:57am

First-time homebuyers aren't buying until mortgage rates drop. It could be a long wait.

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BING NEWS:

Market for newly built homes slows as elevated mortgage rates put off homebuyers
The recent slowdown in new home sales marks a shift from last year, when sales rose nationally for the first time in two years, climbing 4.2% from a year earlier. By comparison, sales of previously ...
06/28/2024 - 11:32 am | View Link
Mortgage rates trickle down, but high prices keep buyers out of the market: Freddie Mac
Prospective homebuyers didn't get much relief on mortgage rates this week as the average 30-year fixed-rate mortgages dropped from 6.87 to 6.86%.
06/28/2024 - 3:59 am | View Link
Mortgage Interest Rates Today, June 28, 2024 | Rates Are the Lowest They've Been Since April
These are today's mortgage and refinance rates. Mortgage rates have been trending lower in recent weeks, but it may be a while before they drop further.
06/27/2024 - 11:00 pm | View Link
Mortgage rates dipping. Will lower rates spur more homebuyers?
But the drop could be enough for some buyers. The average 30-year rate was almost 8% last fall. If the lower mortgage rates spur homebuying, it will show up in next month’s pending sales. Mortgage ...
06/27/2024 - 3:02 am | View Link
Best Mortgages and Lenders for First-Time Homebuyers
According to HMDA data, Guaranteed Rate's rates are average, and its fees are lower than average. Guild Mortgage is our favorite lender for first-time homebuyers, thanks to its flexible credit ...
06/26/2024 - 7:03 am | View Link
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