MORTGAGE RATES FALL!
Mortgage Rates Fall to 7.83%
Mortgage rates fell again this week, reaching a new low of 7.83%. This is the lowest rate since last month, and it is a significant drop from the rates we were seeing earlier this year.
The drop in rates is good news for homebuyers, as it makes mortgages more affordable. If you're thinking about buying a home, now is a great time to start shopping for a mortgage.
Here are some tips for finding a good mortgage rate:
Shop around and compare rates from multiple lenders.
Get pre-approved for a mortgage before you start shopping for homes.
Make sure to factor in closing costs when you're comparing rates.
Consider a shorter-term mortgage, such as a 15-year fixed, if you can afford the higher monthly payments.