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Maximize Your Savings While Waiting for Lower Mortgage Rates

1 min read
Source: Investopedia
TL;DR

With mortgage rates at historic highs, individuals waiting to purchase a home can earn up to 5.75% APY on their down payment funds by utilizing high-yield savings accounts, money market accounts, or certificates of deposit. By comparing rates and choosing FDIC or NCUA-insured institutions, individuals can earn significantly more interest on their down payment money while keeping it accessible.

Topics:businesspersonal-finance#certificate-of-deposit#down-payment#high-yield-savings-account#money-market-account#mortgage-rates#personal-finance
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  1. Waiting for Lower Mortgage Rates? Earn 5% on Your Down Payment While You Wait  Investopedia
  2. How to Save for a House - Buy Side from WSJ  The Wall Street Journal
  3. 11 strategies to help you save on your mortgage  MarketWatch
  4. How to get a mortgage with a low down payment  CBS News
  5. Making a Home Down Payment Under 20%? Keep These 3 Factors in Mind  The Motley Fool
  6. View Full Coverage on Google News

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