Real estate technology platform HomeLight found that 27% of recent first-time buyers requested a mortgage rate buydown.

After falling in September to a 2024 low of 6.08%, the average rate on the benchmark 30-year mortgage made an about-face and has remained persistently high ... home price, down payment, interest ...

Falling mortgage rates could also ease the cost of buying a home, though it may take time. "I expect interest rates to stabilize and slowly come down from ... maintenance. If high mortgage rates ...

The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.

Such so-called pending sales are an indicator of future closings and the most current indicator of activity in the market.

That, in turn, influences interest rates on everything from car loans to credit cards. Released Jan. 10, 2025, the Bureau of Labor Statistics ... cuts When will rates go down again?

However, waiting for mortgage rates to fall significantly before purchasing a home may not be an option for you. Buying a house when interest ... rates will go back down to 3%.

High home prices: Although home buying demand ... and at what interest rate. A credit score of 740 or higher will help you qualify for a lower rate. Save for a bigger down payment.

To improve your credit, Parangi recommends paying down high-interest credit card ... reducing your rate by 0.25%. So if you're buying a $420,000 home, you'll pay $4,200 for one mortgage point.

While rates are still solidly down from where they were a year ago, some buyers ... home over time. Here’s what every homebuyer needs to know about mortgage rates. Mortgage rates refer to the ...