Here are 5 tips for buying a home as mortgage rates exceed 7%. Look For Homes on the Market Longer Consider looking at homes that have been on the market for 30 or 60 days and making a lower offer. Pay Discount Points Some mortgage lenders offer discount points which are fees you pay now in order to lower your interest rate. Refinance Your Mortgage Later Refinancing mean starting over on a mortgage and resetting the clock on the payoff date and paying closing costs again.
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