mortgage interest rates

High US mortgage rates to keep housing market subdued: Reuters poll — Photo by Jakub Zerdzicki on Pexels

One Decision That Saves First‑Time Buyers From Mortgage Rates

Choosing a shorter loan term, such as a 15-year mortgage, can protect first-time buyers from rising mortgage interest rates. By locking in a lower rate and paying down principal faster, borrowers limit exposure to future rate hikes while building equity more quickly. Financial Disclaimer: This article is for educational purposes