Is it a Good Time for Millennial Homebuyers?
If you're a millennial who is just starting a career, you might be wondering whether or not it's a good time to buy a home. The answer to this question varies depending on your individual situation. However, it is currently a very strong buyer's market. Here's what you need to know about purchasing a home in 2021 as a millennial.
1. Interest Rates Are Unusually Low
Interest rates are much lower than usual, which is because of the effect that the pandemic has had on the economy. In fact, it's easy to find home loans that offer interest rates of 2.5% or less nowadays. This is especially true for buyers with a high credit score.
As a result, signing on to a mortgage today could be a much better choice…
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