The article below gives valuable insight and tips for homebuyers to overcome soaring interest rates. The mortgage rates have more than doubled, from less than 3% to nearly 7%, within the past couple of years. The increase may prompt questions you need to ask yourself no matter where you are in the home-buying process. Do higher interest rates make it harder to qualify for a home loan? How can I get a lower interest rate? What are the penalties if I use money from my retirement account to buy a house? Click the link here to view the whole article from Michele Lerner at the Washington Post.
Categories: General Resources, Housing and Mortgage
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