A guide to mortgage interest rates and how they work

A guide to mortgage interest rates and how they work

Buying a home is the most expensive purchase many people make in their lifetime. Some people do it only once, while others are in the market with greater frequency. In any instance when the home buying process involves securing a mortgage, buyers can benefit from knowing a thing or two about mortage interest rates. A mortgage interest rate can help buyers determine if a given home is affordable or beyond their budget. Rocket Mortgage says mortga…