Housing affordability in 2025 is challenging due to record-high home prices and near-7% mortgage rates. A 1% change in mortgage rates can result in significant savings. Most buyers prefer rates below 4%, but forecasts indicate rates will remain above 6%. Improving credit scores, increasing down payments, and negotiating with lenders can help secure better rates. Strategies like adjustable-rate mortgages, buying points, and temporary rate buydowns may also offer savings. The decision to buy should align with personal financial situations.
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