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A new policy will make it easier for some home buyers to qualify for a mortgage by allowing them to include income from accessory dwelling units.
Home prices increased 0.7 percent between August and September of 2023, and were up 6.7 percent annually, according to a new report.
"Longer-term, higher mortgage rates are likely to be a drag on home sales as costs put buying out of reach, causing many households to delay plans to move."
But the 30-year fixed mortgage rate lingers above 7%
SANTA ANA, Calif.--(BUSINESS WIRE)--Sep 19, 2023--