The Federal Housing Finance Agency has decided to raise the maximum amount they'll guarantee for single-family home loans, starting in 2025. This change reflects the increasing prices of homes across the country. From January, Fannie Mae and Freddie Mac can now back loans of up to $806, 500 for homes in most places. That's a 5. 2% increase from this year's limit, sho...

Good news for those hunting for a home! In October, the number of existing homes sold jumped by 3. 4%. This is the first time in three years that sales have gone up from one year to the next. Experts say this might be the end of the home sales slump. There were more homes up for grabs compared to last year, which could explain why more people were able to buy. Even t...

The Federal Reserve is poised to make a big move this week: cutting its key interest rate from a two-decade peak. Will this be enough to deliver a "soft landing" for the economy, or is it just a quick fix? The economy is a complex beast, and predicting its future is like trying to shoot a moving target. But one thing is certain: businesses and consumers are waiting ...