First-time buyer mortgage rates still falling

Given that base rates for banks have started to climb again from their record low post-recession levels, one would think that mortgage rates, especially for first-time home buyers, would have begun to trend similarly upwards. However, recent data suggests that not to be the case. The newest data released recently shows that first-time homebuyer mortgage rates have remained flat for three months in a row, indicating that the time is still right for first-time purchasers to lock in excellent rates.

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