Mortgage Rates Hold Steady at 6.5%; Shop Multiple Lenders for Best Deals
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Mortgage rates today are unchanged at 6.500% for 30-year fixed-rate loans since yesterday. Rates fluctuate daily so compare lenders for the best deals.
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Many factors determine mortgage rates including your credit score, debt-to-income ratio, down payment amount, home price, and more. Rates are generally lowest for borrowers with good credit and finances.
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Compare mortgage rates from multiple lenders by getting several loan estimates. Also consider rate locks and pre-approvals. Use a mortgage calculator to estimate payments.
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Mortgages have pros like predictable payments, tax benefits, building home equity. But they also have expensive interest, fees, and long-term debt.
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To qualify, you’ll need good credit, steady income and employment, reasonable debt levels, and cash for a down payment. Prepare paperwork and shop lenders.