Factors that determine mortgage rates
Thursday Feb 8th, 2024
ShareEveryone wants the lowest mortgage rate but what factors influence your rate? Knowing these factors can help you find the lowest rate possible. One factor that determines mortgage rate is your credit score. People with higher credit scores receive lower interest rates than those with lower credit scores. Another factor that determines your rate is your home location. Lenders offer different rates based on where you are located. Inflation plays a big role in mortgage rates. The... [read more]