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Sep 10, 2024
The Best Time To Buy a Home in 2024 Is Nearly Here—and Can Save You $14K
Many homebuyers sat out the usually busy summer market, likely put off by high mortgage rates, stubborn list prices, and slim pickings. Yet things are looking up—way up—for buyers as fall rolls in.According to a new Realtor.com® report, the best time to buy a home in 2024 is still to come—and soon: the week of Sept. 29–Oct. 5.
Sep 9, 2024
Prequalified vs. Preapproved: Key Differences
By Andrew Dorn
Just starting to think about buying a home? Get prequalified. Ready to buy? Get preapproved. You don't need a prequalification to get preapproved.
NEW YORK — When it comes to buying a home, the terms "prequalified" and "preapproved" are often used interchangeably, but they're not the same. Getting prequalified for a mortgage is an informal first step that's meant to give potential homebuyers a rough idea of what they can afford. It can typically be done over the phone or online and relies on self-reported financial information.
By comparison, the preapproval process is more involved and requires lenders to do a deep dive into your finances.
Sep 7, 2024
These Were The Biggest Home Decor Trends Of 2024, According To Southern Designers
We haven’t yet stuffed the turkey or trimmed the tree, but when it comes to our homes, we’re already looking ahead to the new year. In considering how we might refresh our spaces in 2024, we asked several Southern decorators to share their home design predictions and what trends we can expect to see grow in popularity—and which ones will lose their luster. From thoughtful details to painted wood walls, these are the biggest decor trends of 2024 according to Southern designers.
Sep 5, 2024
Long-Term Rates Hold Ahead of Expected Cut
By Matt Ott
Thirty-year mortgage rates remained at 6.35%, while 15-year rates fell slightly to 5.47%. A Fed interest rate cut later this month likely will reduce mortgage rates.
WASHINGTON – The average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal Reserve later this month.
The rate remained at 6.35% from last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.12%.
Before last week, the last time the average rate was this low was May 11, 2023.