Mortgage rates are a big factor in determining the cost of borrowing for homebuyers and homeowners.
These rates fluctuate greatly based on economic conditions, central bank policies, and market demand.
Those fluctuations directly impact monthly payments and the total interest paid over the life of a loan.
Lower mortgage rates can make home ownership more affordable, encouraging buyers to enter the market or refinance existing loans for better terms.
Higher rates can increase borrowing costs and possibly slow down housing market activity.
Staying informed about mortgage rates can help tremendously but it can be overwhelming. Rates cary vary based on program but our team is ready to help bring clarity to your decisions and timing.
