In this post, explore how inflation, Federal Reserve policies, and the 10-Year Treasury Yield drive changes in mortgage rates, impacting homebuyers. Unpack the complex relationship between economic indicators and their effect on mortgage trends for informed home buying decisions.
As the new year approaches, considering buying a home? Start by building a solid credit score. CNBC explains a higher score can save thousands on mortgage interest. While 770 is the median for mortgages, aim for the "Good" (670-739) or "Very Good" (740-799) range. Work with a lender to understand your specific situation and improve your chances.
