Get around elevated rates. With the Federal Reserve signaling only a single rate cut for later this year, mortgage rates remain sticky. That will be an obstacle for some, but sharp homebuyers could take advantage of reduced competition.

Refinance when rates drop. If you purchase a home now, you could have the option to refinance your mortgage to a lower interest rate later, potentially saving thousands of dollars over the life of the loan. This approach also lets you get into the home earlier, while avoiding the frenzy of other buyers competing when rates eventually drop.

Ready to start the homebuying process? Turn to the experts at National Iron Bank to get pre-qualified and shop with confidence. Click here to learn more!

Excerpt from Wall Street Journal