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Real Estate

Mortgage Rates Dip Below 5% for the First Time in 4 Months

This week has finally brought some relief for the U.S. homebuyers after months of surging mortgage rates and high prices on the house markets. According to Freddie Mac, the 30-year fixed mortgage dipped to 4.99% this week. This is 0.31% lower than last week...

Renters Shouldn’t Expect “Quick Relief” in Rent Increases

Things haven't looked good for renters in the United States for some time now. The high inflation caused rent costs to shoot sky high, putting an additional strain on an already tight budget. And while some predicted that things might get better later in...

Housing Market Getting Back to Normal Experts Say

According to experts, surging inflation and fears of recession have caused the U.S. housing market to get back to normal. This follows a prolonged period of high demand and sky-rocketing prices. According to DLB Financial Services CEO Debbie Boyd, the current state of the U.S....

Mortgage Rates Drop for Second Consecutive Week

Homebuyers finally managed to catch a break after weeks of increasing mortgage rates and hikes in home prices. According to Freddie Mac, the 30-year fixed mortgage has dropped for the second straight week and is now at 5.30%. The mortgage rate previously peaked at...

Rents Surge Nationwide to Reach Record Numbers

The U.S. home market is in a state of skyrocketing costs, and the effects are being felt by both homebuyers and renters. The latter category is especially having it tough as rent reached record numbers in May. According to the Monthly Rental Report by Realtor.com,...

Mortgage Rates Make Another Jump, Approach 6% Mark

The U.S. home market continues to put new challenges in front of homebuyers. The mortgage rates have made another jump and now find themselves at 5.81 percent on the 30-year fixed mortgage, according to a report shared by Freddie Mac. The figure represents a 0.03...