Mortgage interest rates have stayed flat this week. The average 30-year fixed rate hasn’t changed at all and is 12 basis points higher than this time last year. This could leave potential home buyers wondering, “Is this a good time to buy a house?”

Now could be a good time to buy, as far as interest rates go, because experts don’t expect rates to plummet before the end of the year. If you want to buy, you need a strong financial footing, a decent-sized down payment, and a focus on lower fees to partly compensate for the higher initial mortgage rate. And remember, you can always refinance your mortgage later.

 

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