Reported 25 days ago
With mortgage rates nearing 7%, recent homebuyers are finding innovative ways to secure lower rates, according to a Zillow survey. About 45% of those surveyed managed to obtain rates below 5% despite a significant increase in typical mortgage payments. Strategies included special financing, contingent purchase offers, refinancing, and assistance from friends or family. Zillow's expert encourages buyers to explore various options to reduce monthly payments, revealing the growing creativity among buyers and sellers in today’s challenging real estate market.
Source: YAHOO