Worried Mortgage Rates Will Stay High Forever? Here’s How to Buy a Home in Spite of Them

Mortgage rates have been high since the start of the year, with the average rate at 6.87%. To save money, consider buying a fixer-upper, exploring up-and-coming neighborhoods, or renting out part of your home for extra income. Focus on not spending more than 30% of your take-home pay on housing to avoid financial strain.