With mortgage rates moving closer to 7% once again, recent homebuyers are finding creative ways to lock in lower rates. 

A survey from Zillow conducted between March and September of this year found that 45% of recent buyers — half of whom bought a home in the past year and the other half in the past two years — secured rates below 5%. This comes despite rising mortgage rates and a 115% increase in the typical mortgage payment compared to pre-pandemic levels.

The survey details how borrowers achieved these lower rates. About one in three (35%) received special details ⇒

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