economy
3 things homebuyers should do before the March Fed meeting
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
TL;DR
- Homebuyers should consider strategic moves before the March Federal Reserve meeting to secure lower mortgage rates.
- Shopping around for lenders online is crucial to establish a baseline and compare potential rates before the Fed's decision.
- Understanding options like adjustable-rate mortgages (ARMs) and mortgage points can help borrowers circumvent elevated fixed rates or offset costs.
- Locking in a mortgage rate in advance before the Fed meeting can protect buyers from potential rate increases, with the option to float it down later if rates decrease.