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5 Surprising Ways Homebuyers Can Outsmart Today’s High Mortgage Rates

By
Mortgage and Lending with ChangeMyRate.com® A Mortgage Corporation NMLS #1326269

Mortgage rates have been on a wild tear recently, reaching 20-year highs topping 7% near the end of last year and bouncing around unpredictably ever since. And since even slight fluctuations in rates end up costing homebuyers hundreds of dollars a month, it’s understandable that many are paralyzed by indecision—should we buy or wait for rates to drop?—or else scrambling for any advice on how to stay ahead of the curve and keep their costs in check.

To help, we’ve compiled a few tactics we’ve heard from real estate experts and homebuyers on how to outsmart the turbulent tides of rising rates.

While some methods might strike some as unconventional, you may find that they’re becoming increasingly common in today’s unpredictable real estate market. If you’re tired of taking a wait-and-see stance or of simply sitting and praying for rates to head south, read on for some clever end runs, along with the pros and cons of these unusual approaches.

  1. Mortgage rate buy-downs

Mortgage rate buy-downs have attracted attention ever since rates shot up in mid-2022, and for good reason: They remain one of the easiest ways to make a dent in higher financing costs.

For more information on 5 surprising ways homebuyers can outsmart high rates visit the Scoop Blog

Show All Comments Sort:
Charles Ross - eXp Realty (Salina Group) | Broker
Salina Group - Salina, KS
Love To Help People

Excellent information.Thank you for sharing. Have a wonderful day and a blessed weekend.

Jun 04, 2023 01:22 AM
Jackie A. Graves

Thanks for your comment, Charles. It is appreciated. Wishing you a happy and healthy June. Look forward to more posts in the future.

Jun 04, 2023 07:32 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Great information.  Thanks for sharing, enjoy your weekend. Bill Salvatore Arizona Elite Properties.

Jun 04, 2023 04:17 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Great information.  Thanks for sharing, enjoy your weekend. Bill Salvatore Arizona Elite Properties.

Jun 04, 2023 02:06 PM
Jackie A. Graves

Thanks for your comment, Bill. It is appreciated. Wishing you a happy and healthy June. Look forward to more posts in the future.

Jun 04, 2023 07:31 PM