Mortgage Rate Predictions: 7% Rates Here to Stay, Lock in Now or Wait?
Marco Santarelli
APRIL 24, 2024
Should you put your homebuying dreams on hold, hoping for rates to decrease, or lock in a loan now? While high rates translate to larger monthly payments, waiting for a potential drop comes with its own set of challenges. In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers.
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