Mortgage rates falling: buy now or wait for lower rates?

The video discusses the current trend of decreasing mortgage rates and their impact on home buyers. It features Shawna Green, who successfully purchased her first home due to lower rates. Experts advise against trying to time the market and suggest focusing on improving credit scores and saving for down payments. Lower rates may lead to more offers and bidding wars, but also present refinancing opportunities for homeowners.

What is the current trend of mortgage rates according to the video?

• They are stable.

• They are increasing.

• They are decreasing.

• They are unpredictable.

What dilemma do buyers face when considering mortgage rates?

• Whether to rent or buy a home.

• Whether to buy a larger home or a smaller one.

• Whether to wait for lower rates or buy a home they love now.

• Whether to invest in stocks or real estate.

How did Shawna Green manage to buy her first home?

• By winning a lottery.

• By buying a home without a mortgage.

• By waiting for mortgage rates to increase.

• By purchasing when mortgage rates were at their lowest in over a year.

What advice does NerdWallet's Holden Lewis give to potential home buyers?

• Wait for the lowest possible rates before buying.

• Invest in rental properties instead of buying a home.

• Focus on improving credit scores and saving for a down payment.

• Buy a home only if rates are below 5%.

What financial strategy is suggested for homeowners when rates drop further?

• Sell their home immediately.

• Refinance to lower monthly payments.

• Increase their mortgage amount.

• Switch to a fixed-rate mortgage.