2 Ways to Get a Great 30-Year Mortgage Rate

The average 30-year mortgage rate has decreased to 6.87%, down from 7.00% the previous week and much lower than the 7.90% peak in October 2023. To find the best mortgage rates, it's crucial to shop around and improve your credit score. A higher credit score can lead to significant interest savings over the life of a loan. By keeping credit card balances low, maintaining old credit cards, being cautious with new credit applications, and paying bills on time, borrowers can enhance their creditworthiness and secure better mortgage rates.

Continue to full article