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In this episode of “Today in Mortgages,” we discuss starter homes and why they are a bight spot in this economy according to today’s article from Redfin: “Starter homes emerge as bright spot as mortgage rates settle near 15-month low.” Interest rates are down which is giving buyers a little buying power… which is especially good news for first-time home buyers. Starter homes begin at $250,000, but these homes are harder to find, considering that the medium home sale price is $518,000… double!

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