“Marry the house, date the rate” is a phrase that was popularized during the post-pandemic era of rising mortgage rates. Lenders urged borrowers to focus on finding a house they were head over heels with and worry about their interest rate down the line.

Borrowers who were accustomed to rates hovering near 3% didn’t realize how long “dating the rate” would take. This left many to be in an unintentional long-term relationship with their mortgage rate.

Flash forward three years. Not only have many homeowners been unable to refinance, but their monthly payments have increased due to rising details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com