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Mary Dykstra, partner and owner ofMKB Realtorsin Virginia, said catchphrases like that rarely tell the whole story.
Also seewhat experts need you to know if youre buying a house in 2025.
According toLendingTree, refinancing a mortgage can cost between 2% and 6% of the loan amount.
LendingTree illuminated this point with an example.
Per Dykstra, although todays rates may seem high, historically theyve been much higher.
The free money rates of the pandemic era may never come again, Dykstra said.
This is of particular concern if buyers are looking at a buydown or adjustable-rate mortgage.
Plus, waiting on lower rates to buy a home could hamper equity and appreciation.
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