How Mortgage Rates Affect Mortgage Payments Buying a home is one of the most significant financial decisions that many of us will ever make. A major component of this decision is understanding how mortgage rates affect monthly payments. In this...
As fears about the coronavirus are reaching an all-time high, mortgage rates are reaching record lows. According to Mortgage News Daily, interest rates for standard 30-year fixed mortgages reached 3.33% as of Tuesday, the lowest in about eight...
According to the Mortgage Bankers Association, the 30-year fixed mortgage interest rate has fallen to 3.87%, its lowest level since November 2016. What does this mean for you? Well, if you’re looking to lower your monthly mortgage payments or interest...