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Mortgage Rates Hit a 12-Year High

Mortgage rates continued to rise this week, reaching their highest level in more than a decade. The 30-year fixed-rate mortgage averaged 5.11% in the week ending April 21, up from 5% the week before, according to Freddie Mac. It is the seventh consecutive week of increases and is significantly higher than the 2.97% average this

Home Going for $800K Comes With Basement Squatter

Home Going for $800K Comes With Basement Squatter: ‘It’s a Seller’s Market’ Virginia home listed for $800,000 in cash warns the new owner won’t have any access to the lower level and can’t even view it – because another person will be LIVING there with NO LEASE A home listed in Fairfax, Virginia has five

Federal Reserve Warns of “Brewing U.S. Housing Bubble”

Homebuyers have faced a tough proposition during the pandemic: Swallow rapid price increases and forgo typical steps like house inspections, or risk getting left out of the real estate market. Those dynamics have caused some observers to question whether the U.S. is repeating the housing bubble of the early 2000s, which led to a painful

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