first‑time buyer mortgage
Mortgage Rates 6.55% Purchase vs Refinance: Which Actually Wins?
In August 2024, the average 30-year fixed mortgage rate was 6.55%, the highest level in nearly a year. For first-time homebuyers, locking in that rate now offers a predictable payment schedule and protects against expected inflation. Waiting for a dip could mean higher costs later. Financial Disclaimer: This article