Archive December 2017
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10 Housing and Mortgage Trends to Watch for in 2018
The housing picture is likely to improve in 2018:
Home prices are expected to climb, but not as fast
More houses could be for sale toward the end of the year, giving home buyers a greater selection to choose from
Homeowners will have more equity to borrow from
Yet in other ways, 2018 might continue to be challenging, especially for home buyers. Mortgage rates are likely to rise, reducing affordability.
Here are 10 housing and mortgage trends to expect in 2018.
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Your buying power is dropping as the rates go up! Now is most certainly the time to buy!
Fed rate hike is expected next week and three more increases are expected in 2018: Reuters poll
The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists.
A majority of economists now expect three more rate increases next year compared with two when surveyed just weeks ago.
Most economists surveyed said tax cuts were not necessary and the passage of the bill means the forecast risks have shifted toward higher rates, and faster.
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6 Ways to Build Your Home Equity (and Savings) Faster
A home purchase brings together so many things under one roof: dreams, shelter, status, maybe a passport to better schools and neighborhoods. And one more thing: It gives you a forced savings account.
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