"Home Buyers Face Rising Mortgage Rates Amid Inflation Concerns"

On April 11, 2024, the interest rate on a 30-year fixed-rate mortgage rose to 7.375%, while the rate on a 15-year fixed-rate mortgage increased to 6.500%. It's important to compare different lenders' rates, terms, and fees to ensure the best deal when applying for a loan. Factors such as credit score, income, down payment, and loan type 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, determining mortgage rates, comparing rates, qualifying for a mortgage, applying for a mortgage, refinancing, and accessing home equity.