Maryland’s housing department lowered the interest rate for its state-backed mortgage program for the second time this year in a push to stimulate first-time homeownership. The Department of Housing and Community Development said Thursday the interest rate for its zero-point Maryland Mortgage Program mortgages has been reduced to 4.75%.
Maryland drops interest rate for mortgage assistance program
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With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.