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Needless to say, anxiety about rates and insurance are keeping many Americans from buying a home.
Unfortunately, there are two things that Orman said are working against prospective real estate buyers in this market.
Keep reading for more details.
Also seesix big shakeups coming to the housing market in 2025.
At that time, the standard 30-year fixed-mortgage rate had jumped above 7% again.
Insurance Premiums
Recent natural disasters have taught us that you simply cannot go without insurance.
And theres the rub, according to Orman.
Many cant, and that combined with high rates may mean homeownership is out of reach for many.
On a positive note, Orman said owning a home is not the key to financial security.
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