"US Mortgage Rates Dip for 30-Year Loans, Hold Steady for 15-Year Options"

On March 21, 2024, 30-year fixed mortgage rates dropped to 7.125%, while 15-year rates remained steady at 6.125%. It's important to compare different lenders' rates, terms, and fees to ensure the best deal. Factors such as credit score, location, and economic conditions determine mortgage rates. To qualify for a mortgage, steady employment, assets, and a good credit score are essential. Refinancing your mortgage can be beneficial for obtaining a lower interest rate or different repayment terms. Credible's online tool allows users to compare multiple lenders and see prequalified rates.