Some Lenders Are Offering ‘Buy Now, Refinance Later At No Cost’ Deals — But Is There a Catch?

Image credit: Peter Dazeley via Getty Images. Article by Madeline Garfinkle. Entrepreneur – October 31, 2023.

Soaring mortgage rates have priced buyers out of the market, but some experts are saying to buy now and refinance later. Is it really that easy? Here’s what to know.

Mortgage rates have soared over the past year and now stand at 7.79% for a 30-year fixed-rate mortgage, per Freddie Mac. Amid the skyrocketing rates, many would-be buyers have been priced out, and the housing market has experienced a decline from the competitive market seen for much of […]

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