Buying a house in 2024 poses significant challenges due to a low housing supply and high mortgage rates. With a market inventory at just 2.9 months in February, competition among buyers is fierce. Strategies to stand out include improving your credit score, crucial for securing a favorable mortgage rate. Key methods to enhance your score involve regularly checking and correcting your credit report, requesting credit limit increases to lower your credit utilization ratio, and paying down existing debt to further boost your financial standing. These steps not only improve your chances in the housing market but also contribute to a healthier financial future.
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