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How Rising Interest Rates Affect Mortgages

For aspiring homeowners, one of the most critical factors to consider is the prevailing interest rates. The rising interest rate on a mortgage can significantly affect affordability and long-term financial planning. As interest rates rise, it becomes imperative for prospective…

The Impact of Credit Scores on Mortgage Rates

When embarking on the journey to homeownership, understanding the role of credit scores in securing a mortgage is crucial. Your credit score doesn’t just affect whether you get a loan—it also influences the interest rate you’ll pay, which can save…

APR vs. Interest Rate: What You Need to Know

When you’re shopping for a mortgage, you’ll encounter two important terms: the interest rate and the Annual Percentage Rate (APR). Understanding the difference between APR vs. Interest Rate can help you make better financial decisions whether you’re buying a home…

Fed’s Rate Decision and Its Impact on Mortgage Rates

The Federal Reserve, often called the Fed, shapes the economic landscape of the United States. One key tool it uses is the federal funds rate, which influences many financial instruments, including mortgage rates. The Feds rate decision June 2024 will…

What are Mortgage Points?

Some homeowners purchase mortgage points, commonly called “origination points” or “discount points,” to reduce the interest they pay. Most of us will spend the most money on purchasing a home, so anything that might lower the mortgage cost is worthwhile.…

Will Interest Rates Go Down? Understanding the Future of Mortgage Rates

Interest rates play a crucial role in the housing market, affecting everything from mortgage rates to the overall cost of buying a home. As a homebuyer or homeowner looking to refinance, understanding the potential direction of interest rates can help…

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