Buying a home has become increasingly challenging due to rising prices and interest rates, making saving for a down payment difficult for many. With median home prices exceeding $400,000, traditional down payment amounts can be incredibly daunting, especially in states like Massachusetts where prices are even higher. Experts highlight that numerous assistance programs are available to first-time buyers, but many are unaware of these options. Additionally, the impact of rising rents is complicating savings efforts for working families, further exacerbated by increasing mortgage rates.
For working families, that's next to impossible.
There are tons of programs to assist them.
The median price of a home has risen to more than $400,000.
Increasing mortgage interest rates don't help.
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