Should I Buy a House Now? (April 2022) | Ezine Daddy

It’s been tough out there for first-time homebuyers.

First, they must make a down payment of at least 3% of the sale price of a home. That equates to $11,760 of the national average selling price of $392,000 for a home in America.

Once they secure funding, they need to set current interest rates, with the first hikes in years being driven by Federal Reserve measures to curb inflation. And while interest rates are historically low in the 4-5% range, after years in the 3% range, they’re a bitter pill.

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