For those with small apartments, such as studios or smaller homes – it can become a struggle to fit personal belongings, forcing households to look for space-saving hacks. However, consumers with tight budgets might have little choice. A study by Zillow shows that studio apartments cost 20-30 percent less than one-bedroom units. The sacrifice is…
The long-anticipated Federal Reserve rate hike has finally happened – but the anxiety in the bond market isn’t over, which is driving mortgage rates even higher and making housing even more unaffordable in an economy that continues to put strain on consumer budgets. The story isn’t just that the Fed hiked rates – it’s about…
Home buying today has become a challenge as mortgage rates remain elevated, with prices skyrocketing since the pandemic and interest rates remaining high. The latest data from Freddie Mac pegs the 30-year fixed-rate mortgage rate at 6.65 percent. Compare that to 2020 and 2021 levels, where this benchmark averaged between 2 and 3 percent for…