Mortgage Rates Will Stay High. Buyers Shouldn’t Bank on a Refinance

Bloomberg, Mar. 4, 2023–Alexis Leondis
“Marry the house, date the rate.” That’s the advice realtors and mortgage lenders are giving worried homebuyers as mortgage rates reapproach the two-decade high of 7% reached in November…But frankly, it’s bad advice. New homeowners may come to find they’re in a longer-term relationship with today’s rate than they expected.
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