Anora Gaudiano, Columnist

Time to Buy a Home? You Need a Strategy

For some, financing options for buying a house have never been better in the U.S. But it still pays to do your homework. 

Preparation is key.

Photographer: Blake Nissen/Boston Globe

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With 30-year fixed U.S. mortgage rates dropping to below 3% last week, many have decided it's a good time to buy a house. Existing home sales rose by the most on recordBloomberg Terminal in July, while new homes sales jumped to the highest level in almost 14 yearsBloomberg Terminal.

If you’re now considering buying a home, you need a carefully planned strategy.