interestrates

3 minutes read
Mortgage interest rates can change daily, and even multiple times per day. Do you ever wonder why this is the case? Maybe you wonder how you should know when to lock a rate? Get Matched with a Lender, Click Here. Keep reading to learn about changing interest rates and how they may affect you. THE ECONOMY PLAYS A ROLE The economy plays a large role in interest rates at any given time. When the economy is doing w...
4 minutes read
No one likes to hear that interest rates are going up. In most people’s minds, this means higher mortgage payments or a declined mortgage application. While it’s true that rising interest rates have an effect on your mortgage affordability, it’s not the only factor. A lower rate doesn’t necessarily mean it will be easy to afford your loan. In fact, 1/4th or even ½ of a point doesn’t make a huge diff...