Recent Homeowners Are Taking On Debt To Stay Afloat
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Recent Homeowners Are Taking On Debt To Stay Afloat

Recent homeowners are finding out how unprepared they were to buy a house in today’s high-rate, high-price market, taking on debt to stay afloat and regretting their decisions. In a new survey from Clever Real Estate, 38% of 2023 and 2024 homebuyers said they overpaid for their home, with 50% locking in a higher interest…

Student Loan Payments To Affect Americans’ Homebuying Power

Student Loan Payments To Affect Americans’ Homebuying Power

Student loan payments are set to resume this October, giving Americans yet another monthly bill to stress about, and the impact is expected to set in early. “It’s going to quickly reverse all the progress that was made during the repayment pause, especially for those who took out new debt in mortgages or auto loans…

Commercial/Multifamily Mortgage Debt Up In Q2

Commercial/Multifamily Mortgage Debt Up In Q2

Outstanding commercial and multifamily mortgage debt rose 1.5% in Q2 2021, an additional $60.7 billion, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Multifamily mortgage debt specifically increased $23.8 billion, or 1.4%, to $1.7 trillion from Q1. Total commercial and multifamily debt rose to $3.98 trillion. “Strong demand from…

U.S. Average Credit Score Hits Highest Point In 13 Years
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U.S. Average Credit Score Hits Highest Point In 13 Years

Americans’ average credit score rose seven points from 2020 to Q2 2021, reaching 695, the highest average in more than 13 years, according to Experian’s State of Credit report. “The findings from this year’s report show something I’ve always believed: Americans are resilient, for the most part they make smart decisions in the face of…

QuoteWizard: American Debt Dropped During The Pandemic
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QuoteWizard: American Debt Dropped During The Pandemic

Americans made a dent in their debts during the pandemic, according to a new study from QuoteWizard. Analysts for QuoteWizard, an online lead generation marketplace for insurance, monitored thirty-three debt metrics between February 2020 and October 2020. They found that credit scores improved, people made more payments on their student loans, and the number in…

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