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The Federal Housing Finance Agency will lower the loan-level price adjustment fee for people with smaller down payments.
Rising mortgage rates have kept would-be buyers renting — straining the supply of available apartments and pushing prices up.
More wealthy people are moving to mountain communities, pushing up home values and pushing out some local workers.
When people have to spend more and more on rent, there’s not much left over for other essentials.
The Mortgage Bankers Association reports the average monthly payment on a new mortgage in July was $1,844, down $49 from June, as mortgage rates and loan amounts edged lower.
Skyrocketing housing costs are driving out the local labor force, leaving all kinds of businesses in the small town short-staffed.
Home prices are at record levels, and mortgage rates are much higher now than they were six months ago.
Homeownership was already out of reach for many young Australians. Then the pandemic hit.
The story of Austin’s attempt to build one home for a low-income family in a wealthy neighborhood sheds light on the answer.
A report from the Mortgage Bankers Association says environmental risk will likely lead to higher insurance premiums and loan interest rates.