Homeownership is a daunting but desirable goal for many young Americans, yet many struggle to afford housing. In a survey from Redfin earlier this fall, 40% of millennials and Gen Z renters stopped dining out so they could afford their rent. The 30-year fixed-rate mortgage (FRM) has remained steady for weeks, and currently sits at…

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Borrower activity is typically projected to increase during the fall, especially the months of September and October. Realtor.com® researchers predict that this year’s “best time to buy” would begin next week, from Oct. 12 to 18. But mortgage applications have slowly begun to reduce in volume after a short-lived spike caused by the Federal Reserve’s…

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