first time homebuyer mortgage rates

first time homebuyer mortgage rates

Why Mortgage Rates Sabotage First‑Time Buyers?

Why Mortgage Rates Sabotage First-Time Buyers? Mortgage rates sabotage first-time buyers because a 7.2% 30-year rate adds about $150 to the monthly payment on a $300,000 loan, eating up cash that could otherwise go to down-payment or savings. The effect compounds over the life of the loan, turning