Opinion Photo: Avi Werde / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. The industry’s favorite line has become a promise nobody can keep. “Marry the house, date the rate” told buyers to accept a high mortgage rate today and refinance when rates fall. In my view, it is time to stop saying it. Look at where we are. The 30-year fixed averaged 7.24% this week, according to Freddie Mac data reported by Real Estate…
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Stop Saying “Marry the House, Date the Rate.” Make the Payment Work Today.
Olivia Reed argues buyers should afford today’s mortgage payment without relying on a future refinance, and explains closing costs and break-even math.
