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Maryland family closes on dream home with a 3.4% mortgage rate — paying $1K a month less than the market rate [Yahoo! Finance]
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The Sutton family in Northeast Maryland recently secured their dream home with a mortgage rate of around 3.4% — which was roughly half the average 30-year fixed mortgage rate at the time of purchase. Don't miss The 5 most expensive mistakes in options trading and how to avoid them Car insurance premiums in America are through the roof — and only getting worse. But 5 minutes could have you paying as little as $29/month These 5 magic money moves will boost you up America's net worth ladder in 2024 — and you can complete each step within minutes. Here's how How did they beat the home buying odds? They used something called an assumable mortgage — a special type of home loan where the buyer essentially takes over the seller's mortgage. The young family shared their story with NBC News . By going down the assumable mortgage route, the Suttons not only managed to avoid the stress and fees associated with qualifying for a conventional mortgage, but they also saved themselves abo
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