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Why industry experts don’t expect mortgage rates to fall

Housing Wire

Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. The Fed’s short-term rate does not directly impact long-term mortgage rates, but it does steer market activity to create higher rates and reduce demand. .

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51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

Your mortgage payment is more than just the cost of the principal and interest on your loan. It includes your property taxes and mortgage insurance, too. In some markets, property taxes can be thousands of dollars per year, adding hundreds of dollars to your monthly payments. Adjustable-rate interest. government.

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What’s Happening to Your Home Equity in a Cooling Housing Market?

HomeLight

So if your home is worth $400,000, and you have $320,000 left in unpaid principal on your mortgage loan, that means you hold $80,000 equity in your home or 20%. The principal balance you still owe on your mortgage. Here are some patterns we’re seeing in this cooling housing market: Home appreciation is slowing.

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New Hampshire Housing Market Forecast 2022 & 2023

Marco Santarelli

Days on Market decreased 5.9 The housing affordability index, calculated by the NHAR, measures whether a median household earns enough to qualify for a 30-year fixed rate mortgage to purchase a median-priced single-family home, assuming a down payment of 20 percent, without paying more than 25 percent in principal and interest.

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Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. Camden First Time Home Buyers Program (FTHP). Veterans Administration loans.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? Annual percentage rate (APR). Clients may be confused about the difference between an interest rate on their mortgage loan and an APR. Days on market (DOM). Fixed-rate mortgage.