Are you planning on buying a house in Auburn or buying a home in Opelika and are wondering what variables affect your mortgage interest rate? When people go shopping for a home, they tend to pay a lot of attention to the cost of the home and ways to save money on their offer. If they spend as much time researching the interest rate they get for their mortgage loans, they also stand to save thousands. With this guide, you can understand the factors surrounding mortgage interest rates, how the rate determines monthly payments, and ways you could potentially lower your interest rate before closing on the loan. Check out the below article to learn all about what can affect your mortgage interest rates.
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