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Home Buyers Receive Momentary Reprieve as Mortgage Rates Dip

Home Buyers Receive Momentary Reprieve as Mortgage Rates Dip
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Mortgage Rates Tick Up Over 3 Percent, Dealing Battered Home Buyers Another Blow

Mortgage Rates Tick Up Over 3 Percent, Dealing Battered Home Buyers Another Blow Mortgage Rates Tick Up Over 3 Percent, Dealing Battered Home Buyers Another Blow The one bright spot for home buyers in this hypercompetitive market has been record-low mortgage rates. But those rates just crossed the 3% threshold. Clare Trapasso, provided by FacebookTwitterEmail For the better part of a year, one bright spot for home buyers in this hypercompetitive market of record-high prices and a record-low number of homes for sale has been mortgage interest rates, which dropped to unheard-of lows. Now it looks like the era of cheap loans may be coming to an end.

Affordability Surprises First-Time Homebuyers While Parental Assistance, Savings and Wishlist Compromises Prove Common, Survey Finds

Share this article Share this article SANTA CLARA, Calif., Feb. 3, 2021 /PRNewswire/  For first-time homebuyers looking to buy in 2021, a new survey from realtor.com ® indicates that getting finances in order is a critical place to start. Almost half (47%) of those who bought their first home last year successfully making it through the most competitive market in recent history turned to their finances before they did anything else. More than two-thirds of recent buyers were surprised by what they could actually afford According to a survey of 1,000 recent and prospective first-time homebuyers in the U.S., conducted online from Jan. 7-11 by realtor.com

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