Homebuyers should take strategic steps as mortgage interest rates begin to cool. They should shop around for lenders, ensuring to compare fees and terms, and calculate their budget accurately. If they find their dream home, they shouldn't hesitate to buy, as rates are expected to drop in the future. It's crucial to avoid waiting for the perfect rate, which may not return soon. Additionally, buyers should refrain from overextending financially and consider working with a knowledgeable real estate agent to navigate the changing market effectively.
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