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How to Buy a House in New York

Rochester Real Estate

Realtors excel at researching properties using the Multiple Listing Service (MLS). These documents typically include recent tax returns, pay stubs, and bank statements to verify your income, employment status, and creditworthiness. The most common types are fixed-rate and adjustable-rate mortgages.

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Mortgage Rates Expected to Rise Further Due to Strong Jobs Data

Marco Santarelli

Lisa Sturtevant , the chief economist at Bright MLS, highlighted the “mixed bag” aspect of the report. Compare rates and fees from multiple lenders to make sure you're getting the best deal. However, be aware that the rate could increase in the future.

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Mortgage rates decline after Fed pauses hikes once more

Housing Wire

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

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Mortgage rates tick up ahead of FOMC meeting

Housing Wire

Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

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Cooling inflation in February brings hope that Fed rate hikes are over

Housing Wire

Consumer prices climbed at a slower pace in February, keeping alive the hope that the Federal Reserve may pause the federal funds rate hikes in its meeting next week following the Silicon Valley Bank and Signature Bank failures. A liquidity crisis hit American banks amid a deposit run.

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Mortgage rates continue to climb beyond 7%

Housing Wire

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. What to expect with the Fed ?

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Fed hikes rates amid general wave of optimism

Housing Wire

The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. Rents were up 8.3%