"Federal Reserve Predicts 3 Interest Rate Cuts Despite Steady Mortgage Rates"

Today's 30-year fixed-rate mortgage holds steady at 7.000%, with Credible offering tools to compare rates and find the best deal. Mortgage rates are influenced by factors such as credit score, location, and economic conditions, and it's important to shop around for lenders and loan estimates. Pros of mortgages include predictable payments and potential tax benefits, while cons include high fees and long-term debt. To qualify for a mortgage, steady employment, good credit, and a down payment are key, and the application process involves choosing a lender, getting pre-approved, and completing the formal application. Refinancing and accessing home equity are also options for homeowners, and Credible offers a free tool to compare multiple lenders and prequalified rates.