"March 19, 2024: Mortgage Rates Surge, Refinance Demand Spikes, Experts Predict Fed's Impact"

On March 19, 2024, the interest rate for a 30-year fixed-rate mortgage rose to 7.375%, while the rate for a 15-year fixed-rate mortgage remained at 6.125%. It's important to compare different lenders' rates, terms, and fees to secure the best deal. Factors such as credit score, location, and economic conditions influence mortgage rates, and it's crucial to shop around, get pre-approved, and consider a rate lock when applying for a mortgage. Refinancing can be an option for obtaining a lower interest rate or adjusting the repayment term.