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How Rate Hikes Affect Monthly Payments and Approval Amounts

As we approach the last quarter of the year, homebuyers are faced with an impending rate hike that could impact their monthly mortgage payments and approval amounts. We’ll break down the potential effects of the rate hike and provide valuable…

How Your Credit Score Affects Your Rate?

Your credit score can have a significant impact on the interest rate you receive when buying a home. As a result, borrowers with higher credit scores are typically considered less risky and may qualify for more favorable interest rates. Here’s…

Will Mortgage Rates Return to Normal Levels?

Many homeowners and prospective buyers are eagerly awaiting a return to “normal” mortgage rates. However, mortgage rates are influenced by multiple factors, including the overall state of the economy, inflation, the central bank’s monetary policy, and the demand for mortgage-backed…

What Impacts Interest Rates?

Mortgage interest rates affect your monthly payments which impact the affordability of homeownership. Below are the factors that influence mortgage interest rates and how they can impact your financial decisions. Monetary Policy: The actions taken by central banks, such as…

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