Mortgage Rates Hold Steady, Tips To Get the Best Deal on a New Loan or Refinance
-
Mortgage rates held steady over the past few days for both 15- and 30-year fixed-rate loans. Rates change frequently so it's important to shop around.
-
Many factors affect mortgage rates, including your credit score, debt-to-income ratio, down payment amount, loan term, and overall economic conditions.
-
Compare mortgage rates from multiple lenders to find the best deal. Get pre-approved and consider rate locks. Know the pros and cons.
-
To qualify, you’ll need good credit, stable income, and enough money for a down payment. Submit a formal application and required documents.
-
You can refinance to get a lower rate or shorter term. The process is similar to getting a new mortgage. Closing costs apply.