US Homebuyers Can Still Lower Costs

Mortgage rates stayed above ~6% through most of the current year, hovering near ~6.5% recently. On a median-priced home, payments ran nearly $2.6K.
A rate cut at the central bank's Early-Q3 meeting looked unlikely, and one housing forecast expected mortgage rates to finish the year around low-6%.
Shopping multiple lenders mattered: comparing two quotes could save ~$600 yearly in interest, while four quotes could save >$1.2K. Check APR and fees too.
Experts said stronger finances can improve terms: aim for ~740 credit, debt-to-income near or below mid-30%, and enough down payment to avoid PMI.
Buyers could compare title and insurance providers, seek seller credits, and remember the lowest rate often goes to the buyer who did more homework.