September 23, 2024

41 - Rates Are Falling Now The Media Says Homes Are Affordable

1 hour 18 minutes

Mortgage rates are falling, and now the media is declaring that homes are becoming more affordable. With the Federal Reserve cutting interest rates for the first time in four years, mortgage rates are dropping closer to 6%, creating new opportunities for homebuyers. Lower rates mean reduced monthly payments, making homeownership more accessible for many. Refinancing activity is also picking up, as homeowners look to take advantage of the lower rates. However, despite the optimism, potential buyers should be cautious of rising property taxes, insurance costs, and high home prices in certain markets, which may still pose challenges to affordability.

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PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

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