✉news BusinessReal Estate first seen 10 d ago, last 6 h ago, peak #1
Mortgage rates near 7.5%, yet first-time buyers may benefit
Original: Mortgage rates are nearing 7.5%—but here's why it might be prime time for first-time buyers
US mortgage rates are climbing close to 7.5%, a level that keeps affordability strained for most borrowers. Some commentators argue this could still be a good moment for first-time buyers, as reduced competition from other buyers may give newcomers more negotiating power, more choices, and room to make offers below asking price despite the higher borrowing costs.
Why now: High mortgage rates are squeezing housing affordability, so advice on whether now is a good time to buy is drawing attention.
mortgage ratesUS housing marketfirst-time buyers
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- Mortgage rates are nearing 7.5%—but here's why it might be prime time for first-time buyers · Yahoo Creators
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