Valerie Mattei | November 12, 2023
For any buyers, the current mortgage rates are certainly a hot button topic. Most people have been following the rise and potential fall of these rates. Just last week we were able to steer some buyers toward a reputable lender that got them a rate UNDER 7%. Unfortunately, nothing is guaranteed, but it does pay off knowing how these rates are created. Here is a quick introduction into the world of mortgage rates. Contact us with any questions or to be connected to a lender we trust to get you the best rates possible.
Mortgage interest rates can be influenced by a variety of factors, and understanding these factors is important for potential homebuyers and borrowers. Here's a brief summary of what affects mortgage interest rates:
It is essential for borrowers to keep an eye on these factors and consider seeking advice from financial professionals to make informed decisions about when to secure a mortgage and what type of mortgage to choose based on the prevailing interest rates and their own financial situation.
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