Mortgage Rates Fall Once Again—but Rising Home Prices Mean That Buyers Shouldn’t Expect Savings

Even with interest rates at record lows, someone buying the typical home today will have a larger monthly mortgage payment than if they had bought a year ago. The post Mortgage Rates Fall Once Again—but Rising Home Prices Mean That Buyers Shouldn’t Expect Savings appeared first on Real Estate News & Insights | realtor.com®.
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Here are 3 smart moves every first-time homebuyer should know right now. Always get pre-approved before you start looking at homes online. Factor in things like property taxes and home insurance into your budget. And be sure to get an inspection, so you’re not caught off guard by costly repairs. While they may sound simple, these tips matter. And if you haven’t bought a house before, you may not realize just how important they are. Do you want more advice to make this process easier? DM me and let’s chat.