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The economy is good, wages are rising, and the Fed is hiking interest rates. It’s going to get more expensive to borrow money. – While serious delinquencies are going down, average debt for car and personal loans, mortgages, and credit cards all rose between 2016 and 2017. The next steps Home equity. he said. Buyer’s market?.
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But most important of all, renting gives prospective home buyers ample time to save up for a down payment, to resolve credit. loan servicing, payments, modification and collection, but thousands.
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