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The Influence of Mortgage Rates on Home Buying and Why They Matter

The Basics of Mortgages A mortgage is a loan that’s given to you for the purchase of your home. Your lender will give you a certain amount of money, and in return, you’ll pay them back over time with interest. The interest rate you’re given affects how much interest you’ll pay on your loan. If the rate is higher, you’ll be paying more in interest over the life of the loan. The rates are also important because they can affect… Read More »The Influence of Mortgage Rates on Home Buying and Why They Matter