Since the aftermath of the presidential election U.S. mortgage rates have risen. Now potential homeowners face higher monthly payments amid a stagnant economy with slow wage growth. Homebuyers can still snag the absolute lowest rates, especially if they don't plan on staying in their first home for more seven years and are leaning toward the 7/1 adjustable rate mortgages known as ARMs.

This article was written by a staff member of TheStreet.

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