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Mortgage rates rise, add to affordability issues

The average rate for a 30-year fixed-rate increased to 6.39%. Higher rates and low housing supply is putting affordability constraints on would-be homebuyers. But there are still ways to find the best rate.

Home prices exceeded inflation by more than 200%: Home Bay

Median home prices since 2020 have outpaced inflation by more than 200%, according to a study by Home Bay. And despite a cooling of inflation, rising prices of basic goods and services have remained a concern for many Americans, reports have suggested.

Home price growth continues to slow down: Fannie Mae

Home prices increased by 4.7% year-over-year in Q1 2023. However, that marked a significant slowdown from annual growth in the previous quarter. Still, low home supply and high mortgage rates have raised affordability issues for potential home buyers. Here’s what you need to know.

How to get a $1,000 loan

Not all lenders offer small personal loans, but you may be able to find a $1,000 loan from online lenders, banks or credit unions.

How to get a hardship loan

If you’re unemployed, a hardship loan can help you stay afloat financially. Learn how these loans work and where to get one.