Mortgage News - Jan 28

  • The Charles King Group
  • 01/28/22

The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March. Buyers worried about how rising rates will impact them should boost their credit score and save up as much cash as possible before applying for a loan. The more money a buyer can put toward a down payment and the higher their credit score is, the better the rate a buyer will likely be offered. Even though rates are rising, today’s mortgage rates are still relatively low from a historical perspective.

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