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How do mortgage rates work?

How do mortgage rates work?

Photo by Kenny Eliason on Unsplash You borrow money from a lender when you take out a mortgage loan to purchase a home. The lender charges interest on the principal amount to make a profit and minimize its risk. This mortgage interest rate is expressed as a percentage...
How to Compare Mortgage Rates

How to Compare Mortgage Rates

Photo by Anastasiya Romanova on Unsplash   If you’re looking to compare mortgage rates, you should keep a few things in mind. First, the lender you choose can significantly impact your rate, so shopping around and comparing different lenders and loan offers is...
What Is Going on with Mortgage Rates?

What Is Going on with Mortgage Rates?

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is...