Why your mortgage rate is probably different from the ‘average’

The average US mortgage rate hit 7.49% this week, the highest level in 23 years. But the rate you may be able to secure from a lender could be very different. It could either be a good bit higher than the current average, or lower. It all depends on the financial attributes and risks that you present lenders as a borrower. The average US mortgage rate hit 7.49% this week, the highest level in 23 years. But the rate you may be able to secure from a lender could be very different. It could either be a good bit higher than the current average, or lower. It all depends on the financial attributes and risks that you present lenders as a borrower.  Read More  CNN.com – RSS Channel