Maybe it’s just a coincidence, but the week the Federal Reserve cut its key interest rate for the first time in four years, mortgage rates tumbled. Freddie Mac’s Primary Mortgage Market Survey ...
More than three-quarters of homebuyers took out a mortgage to finance their purchase in 2023, according to the National Association of Realtors. There's an army of lenders out there ...
Lenders base mortgage interest rates on the benchmark interest rate, along with other factors such as credit score, loan-to-value (LTV) ratio, size of the loan, type of loan and loan term.
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