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5 tips for the first-time homebuyer

First-time homebuyers
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Major changes in mortgage lending and housing markets have created a new world for first-time homebuyers.

Sure, much of the traditional advice still applies. But today's buyers need to get savvy about certain dynamics that are new on the homebuying scene. Here are five fresh tips to get first-timers off on the right track to homeownership.


 

 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.60% 3.52%
15 yr fixed mtg
2.74% 2.71%
5/1 ARM
2.54% 2.57%
30 yr fixed mtg refi
3.58% 3.50%
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At the start of the traditional buying season, housing news is mixed.
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