Can someone explain what .5% rate cut means to the mortgage rates to first time homebuyers?
In: Economics
Historically, interest rates are excellent right now. We all got spoiled with the 3% rates.
Any little bit does help but don’t hold out for a 3% rate. The quicker you can get into a home and make the payments, the quicker you will build up equity. With that being said, be careful of “creative” lending.
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