Mortgage Rates Little Changed, But Shopping Around Still Pays Off

Mortgage rates held steady for 30-year fixed-rate loans but rose slightly for 15-year fixed-rate loans on April 8, 2024. Rates change frequently so it pays to shop around.

Many factors determine mortgage rates, including your credit score, debt-to-income ratio, down payment, and the lender you choose.

Comparing mortgage rates from multiple lenders can save you thousands over the life of the loan. Get rate quotes and loan estimates.

Mortgages have pros like predictable payments, tax benefits, and building home equity. But they also have big cons like high interest and long repayment terms.

To get approved, you’ll need good credit, steady income, manageable debts, enough assets, and qualifying property. Shop lenders and loan types.