Maximize Your Savings While Waiting for Lower Mortgage Rates
TL;DR Summary
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:business#certificate-of-deposit#down-payment#high-yield-savings-account#money-market-account#mortgage-rates#personal-finance
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