Home Sales Drop 4.9% in January in Disappointing Start to the New Year
Mark Humphrey/Association PressSales of previously owned homes slowed down in January amid higher mortgage rates, setting a disappointing tone for the start of the new year.Existing-home sales dropped 4.9% last month from December, to a seasonally adjusted annual rate of 4.08 million, the National A
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What is PMI and Do You Need to Pay it?
If you’re a first-time homebuyer you’ve surely been putting pencil to paper to estimate what your future mortgage payment, taxes, insurance, and maintenance will be on a new home. But there’s one expense that often catches buyers by surprise: private mortgage insurance (PMI). So, what exactly is PMI
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Why mortgage originations should pick up in 2025
U.S. mortgage originations are projected to grow moderately in 2025, despite continued economic uncertainty and elevated interest rates, according to TransUnion’s newly released credit insights in the fourth quarter of 2024.After years of sluggish origination growth due to inflation, high borrowing
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