Sixty-seven percent of Americans still dream of owning a home, but 71% said they are waiting for mortgage rates to drop before entering the market, according to a recent BMO Financial survey.
Most Americans still dream of homeownership, but the majority are waiting for mortgage rates to drop before they climb the ladder, according to a recent survey.Sixty-seven percent of respondents said owning a home was one of their most coveted goals, but 71% said they are waiting on rate cuts before entering the market, according to the BMO Financial survey.
"It's critical, especially during periods of high rates, for customers to engage a mortgage advisor who can guide potential buyers and sellers through the homebuying journey, determine suitable budgets, and dispel common misconceptions about the pathways to homeownership – even if it currently feels out of reach."If you have a mortgage, you're typically required to carry homeowners insurance, but you don't have to stick with any particular insurance company.
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