Lenders have a proposition for dwelling patrons who can’t abdomen an 8% mortgage charge: Purchase now, and refinance later without spending a dime.
Lenders are making these affords as a result of the marketplace for mortgages cratered because the Federal Reserve raised rates of interest to two-decade highs to tame inflation. The typical charge on a 30-year fixed-rate mortgage is 7.79%, in line with Freddie Mac.
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