The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
Why buy a home before rates drop
By Scott Sheldon
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August 27, 2025
Right now, millions of potential homebuyers are waiting. According to housing data, nearly 20–24% of homeowners already have mortgage rates above 5%—and many are keeping an eye out for refinancing opportunities. On the buying side, surveys show that first-time buyers believe they’ll only be comfortable jumping in once rates dip into the low 6% range…
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