Posted 12/7/2023, 4:56:52 PM
Mortgage Rates Dip Slightly, Expert Advice to Shop Lenders Before Applying
- Mortgage rates for 30-year fixed loans fell 0.25% while 15-year fixed rates remained unchanged
- Rates change frequently so compare lenders and check rates often before applying
- Many factors determine mortgage rates including credit score, debt, income, loan amount, etc.
- Compare rates by getting multiple loan estimates, using calculators, and shopping lenders
- Refinancing can lower rates/payments or access home equity but follows a similar application process