Mortgage Rates Are Going Up, but Buying a Home Could Still Be a Good Investment

·3-min read
Mortgage Rates Are Going Up, but Buying a Home Could Still Be a Good Investment

In fact, mortgage rates have traditionally been well above 4% on 30-year fixed-rate loans. Data from the U.S. Census shows one of the key reasons why buying a home is a good financial choice for most people, even if they can't qualify for rock-bottom mortgage rates. Each month when you pay down your mortgage loan, you acquire more equity in your home.

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