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Showing posts from March, 2022

How to Compare current mortgage rates and get the best terms?

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Predictions insist that interest rates will steadily rise in March. Some causes are clear like the pandemic that destroyed many businesses but we are recovering now. Inflation is rising too and now the war in Ukraine makes a difference. Researching online and offline, homebuyers are in for some sweet surprises. A vast variation in interest rates between companies is the mystery. Don’t jump at the cheapest loans. Compare current mortgage rates wisely and study additional factors like reputations, credit scores, and personal financial conditions. How do you compare current mortgage rates? Commence the arduous task. Checking out a few reputed lenders, alpha quotes refer to 30-year fixed and 10-year fixed loan interest percentages. Shorter periods attract lesser interest and that is a blessing if you can afford it. In weekly terms, 30-year fixed has a national average of 4.27% and alpha offers 3.54%. The 10-year fixed has a national average of 3.51% and alpha offers 2.58%. Accordi

How Shall We Compare Today's MortgageRates?

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 Everybody dreams of a home but many hurdles come up. Prospective homebuyers get confused by a great variety of interest rates between companies. Like the shopping process, it appears as if bargaining is necessary along with lots of research online? Get to know the current mortgage rates from a few top companies to be able to compare between the states perhaps. Some states like California seem costlier than others like Texas.   What could be the factors affecting Current Mortgage Rates? Interest rates are rising in 2022 due to inflation which shows a 7% increase in the last 12 months, the highest in 40 years. Economic growth has been stunted by the pandemic even though hope looms now with the tapering off with omicron. An average of 4% for the 30-year fixed loan could be expected by 2022 end.   How are Current Mortgage Rates doing? Lenders do talk of a national rate but that seems an illusion. Excessive diversity only means that lenders want to attract clients by offering hefty