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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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The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

About Today in Mortgages

Today in Mortgages, the show where we try to make sense out of the click-bait headlines in Mortgage and Real Estate news that clients and buyers are being flooded with every day. We’re trying to find our what’s real and what’s hype in the market news and discuss how mortgage and real estate professionals should be navigating these tricky conversations with clients who are getting scared away from the housing market.

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