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A Lower Mortgage Rate Might Be Too Good to Be True. Here's Why

A Lower Mortgage Rate Might Be Too Good to Be True. Here's Why

Image source: Getty Images It's gotten expensive to take out a mortgage loan. That's because mortgage rates are considerably higher than they were a year ago. And home prices are also elevated. In November, the median existing-home sales price rose to $370,700, reports the National Association of Realtors.