Posted 1/8/2024, 3:35:05 PM
Mortgage Rates Steady, Getting the Best Deal Requires Research
- Mortgage rates unchanged from Friday for both 15- and 30-year fixed rate loans
- Many factors determine mortgage rates, including economic climate, credit score, debt-to-income ratio, down payment amount
- Compare mortgage rates between multiple lenders to find the best deals
- Taking out a mortgage has pros like predictable payments, building home equity, and potential tax benefits
- To qualify for a mortgage, requirements vary but steady income, good credit, preparing assets, and knowing details like property type are key