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Stock impact report

How are people affording houses in today's market? 10 expert-backed tips for buyers. [Yahoo! Finance]

PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest (PMT) 
Last pennymac mortgage investment trust common shares of beneficial interest earnings: 2/6 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.pennymacfinancial.com
Company Research Source: Yahoo! Finance
Hal Bundrick, CFP® · Senior Writer 5 min read It takes a little moxie to buy a home these days — home prices remain elevated, and mortgage rates are on their way back up. Yet homes are still selling, and plenty of buyers are finding a way in. In fact, experts say we're currently experiencing a buyer's market . So how are people actually affording houses right now? 10 ways to afford a home in today's market Here's a closer look at the strategies and financial trade-offs helping buyers make homeownership work in today's market. 1. Consider an adjustable-rate mortgage (ARM) Adjustable-rate mortgages are gaining popularity. "You can get an ARM loan for typically 50 to 100 basis points lower in rate, with a fixed rate and payment for five, seven, or 10 years before the first payment adjustment," Scott Bridges, chief consumer direct lending production officer at Pennymac, told Yahoo Finance. "That gives you a long window to have a lower rate, a lower payment, and the abilit Show less Read more
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