"Contrasting Trends: Mortgage Rates Fluctuate in April 2024"

On April 2, 2024, 30-year and 15-year mortgage rates rose to 7.125% and 6.125% respectively. To secure the best rate, it's important to compare different lenders' current interest rates, terms, and fees. Mortgage rates are determined by factors such as credit score, debt-to-income ratio, down payment, loan amount, and repayment term. It's advisable to shop around for lenders, get several loan estimates, and consider a mortgage rate lock. Additionally, understanding the pros and cons of mortgages, how to qualify for a mortgage, apply for one, refinance, and access home equity can help individuals make informed decisions.