first‑time homebuyer mortgage rates

Fed unlikely to cut interest rates until second half of 2027, Bank of America says — Photo by Саша Алалыкин on Pexels

Interest Rates vs First‑Time Buyers: Secret Advantage

First-time homebuyers can actually benefit from the Fed’s steady rates by locking in a mortgage now, which can lower their payment over the life of the loan. In April 2026, the Federal Reserve held its benchmark rate at 5.25% and signaled a pause that could stretch into 2027.