Home prices have gone up for nine straight months last year, finally slowing in November when interest rates peaked at 8% based on the Freddie Mac 30 year fixed rate mortgage average, reports Diana Olick @DIANAOLICKCNBC. Detroit reported the highest increase during that period of 8.2% with our own home town San Diego ranking second at 8% out of the 20 cities. This can pose a problem for first time home buyers needing to have a down payment for the FHA 3% requirement on a $900,000 single family residence median home price. There are solutions to make it possible to get on the board with down payment assistance programs. Too learn more about down payment assistant programs, call the office at 619-963-2562 or email info@mcintyreloans.com.
https://www.cnbc.com/2024/01/30/home-prices-november-sp-case-shiller.html
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