"Fluctuating Mortgage Rates: Refinance Demand Surges Amid Fed Speculation"

On March 18, 2024, the interest rate for a 30-year fixed-rate mortgage rose to 7.125%, while the rate for a 15-year fixed-rate mortgage is 6.125%. It's important to compare different lenders' rates, terms, and fees to ensure the best deal. Factors such as credit score, income, and down payment amount can influence mortgage rates, and it's crucial to shop around for the best rates and lowest fees. Additionally, the article provides information on how mortgage rates work, how to qualify for a mortgage, how to apply for a mortgage, and the process of refinancing a mortgage.