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Author name: deerwoodrealty

Unlocking Your Dream Home: Mortgage Rates Hit Two-Month Low Amid Economic Waves

Blog Post, Real Estate /

Mortgage rates have been on a downward trend in recent weeks, offering a glimmer of hope for prospective homebuyers. According to Mortgage News Daily, the average interest rate for a 30-year fixed mortgage stands at 5.99%, with the average rate for a 15-year fixed mortgage at 5.28%. These rates are notably lower than the highs […]

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Deciphering the 2023 Housing Migration Trends

Blog Post, Real Estate /

In the ever-changing landscape of the American housing market, staying informed about the latest migration trends is crucial for both homebuyers and sellers. Redfin’s extensive report for August 2023 has unveiled a treasure trove of intriguing data that provides invaluable insights into the shifting dynamics of real estate across the United States. In this in-depth

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Record-Low Forbearance Rates: A Beacon of Hope for the Housing Market?

Blog Post, Real Estate /

In the world of mortgage loans, the phrase “forbearance rates” has been making headlines recently, and for all the right reasons. According to a recent report by the Mortgage Bankers Association, the share of mortgage loans in forbearance decreased to a minuscule 0.29% in October. This news, while seemingly small, carries significant implications for the

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The Benefits of Working with a Real Estate Agent as a First Time Home buyer

Real Estate /

Working with a real estate agent allows first time home buyers to gain access to industry-specific knowledge and guidance throughout the entire home buying process.  Are you a first-time home buyer looking to purchase your very first property? If so, then you’ve probably heard of the advantages of working with a real estate agent.

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