As soon as the Fed starts lowering interest rates, many types of consumer loans and savings products will be impacted. Here’s how to make the most of it.
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Detroit-headquartered Rocket Mortgage on Monday rolled out a lender-paid 2-1 temporary buydown program for lower-income households. The program, dubbed “Welcome Home RateBreak,” is available to buyers purchasing a single-family home and earning 80% or less of their area median income (AMI). Rocket estimates the size of this segment at more than 90 million people. The…
As the housing market continues to be marked by high mortgage rates and record-breaking home prices across many U.S. regions, renting continues to play a pivotal role for millions of people. Currently, more than 44 million U.S. households rent their homes, a figure that is expected to continue to rise as economic conditions make homeownership…
‘Man-made disaster’ may make it trickier to buy or sell a home in some places this fall, expert says
Looming expiration for the largest U.S. flood insurance program may hold up some home sales this fall, just as the Federal Reserve is expected to cut interest rates.