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The Fed Hits Pause on Interest Rate Hikes

The Fed Hits Pause on Interest Rate Hikes

The Fed Paused its key interest rate at at its current range between 5.25% and 5.50%. Meanwhile a rate hike is expected on Fed next meeting on Oct 31- Nov 1.Officials cut forecasts for 2024 rate cuts, suggesting a “higher for longer” policy; benchmark rate...
Smart Homes: A Significant Factor for Homebuyers

Smart Homes: A Significant Factor for Homebuyers

Smart home products and systems are increasingly influential in attracting buyers across different price points. >34% of likely buyers would pay a few thousand dollars extra for a smart home compared to a non-smart home. ~85% of buyers consider smart home features...
Impact of DTI on Buying Choices

Impact of DTI on Buying Choices

Lenders have guidelines regarding max DTI (Debt to Income) to approve a loan. Many lendaers allow for DTI ratios up to 50%. Still, loans with higher DTI ratios typically have worse terms. Higher DTI may require a higher down payment to meet loan approval...