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How Much Do I Need to Earn to Buy a Home?

How Much Do I Need to Earn to Buy a Home?

How much you have to earn to buy a home largely depends on where that dream house is located.

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Waiting Longer to Buy a House Could Hurt Millennials in Retirement

Waiting Longer to Buy a House Could Hurt Millennials in Retirement

Homeownership in America is not as common as it once was — especially for today's young people.

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Highest Rates in Last 5-7 Years

Highest Rates in Last 5-7 Years

According to Matthew Graham late September 2018, mortgage rates are in bad shape. At some point in the past 3 days (depends on the lender), top tier 30yr fixed rate offerings hit their highest level in 5 years, then 7 years. For the first time since 2011, the most prevalent top tier rate is 4.875% (meaning a handful of lenders are at 4.75% or 5.0%). If this trajectory holds, the average lender would be at 5% next week.

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Sales of Existing Homes Unchanged, Trailing Projections

Sales of Existing Homes Unchanged, Trailing Projections

Sales of previously owned U.S. homes were unchanged in August, indicating buyers are balking at higher prices and leaving more inventory on the market for the first time in three years, a National Association of Realtors report showed.

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