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An inflation storm is coming for the U.S. housing market

[MarketWatch, iStock] Some economists suggest the government may be misunderstanding the size of the problem Fast-rising housing costs have helped to push inflation to a 13-year high. But the way that government statisticians track the price of consumer goods may be missing just how explosive home-price growth has been in recent months. Housing costs rose […]

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Mortgage rates hit 10th record low of 2020, further fueling the US housing market’s boom

The average US 30-year fixed mortgage rate fell to 2.81% from 2.87%, its lowest in Freddie Mac data going back nearly 50 years.The reading also marks the 10th record low this year, reflecting the tumbling borrowing costs that fueled the housing market’s rebound.Sales of new and existing homes have thrived through the pandemic, but steadily rising prices […]

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How to negotiate a better mortgage rate

[Fox Business, iStock] As a soon-to-be homeowner, one of the most important steps of buying a home is securing an affordable mortgage rate. To secure the lowest rates, you may have to negotiate. With that in mind, there are things home buyers should do when negotiating your mortgage rates. Armed with this knowledge, you should be able to use […]

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Mortgage Rates Today, October 12, 2020 | Rates dip

[BankRate] Multiple benchmark mortgage rates receded today. The average rates on 30-year fixed and 15-year fixed mortgages both trended down. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, advanced. Mortgage rates are constantly changing, but they continue to represent a bargain compared to rates before the […]

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Ranked: The average monthly mortgage payment in every state

[MSN, DepositPhotos] Paying off a home With mortgage debt at record levels, paying off a home can be expensive. This is especially true in recent weeks as the coronavirus (COVID-19) pandemic has left millions of Americans out of work and without an income. To see where monthly mortgage costs are highest, LendingTree analysts looked at […]

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Mortgage rates almost drop to another record low

[MarketWatch] The housing sector is going through a major upheaval because of the coronavirus, but that won’t necessarily translate to lower mortgage rates. Mortgage rates remained near another record low for the third straight week. If a new low comes, it may not be because the U.S. housing market is struggling. The 30-year fixed-rate mortgage […]

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