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EVERYDAY RATES
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Recently asked questions
Q: Will today's stock market influence tomorrow's mortgage rates?
AUG 16, 2022
A:
Mortgage rates are influenced by a variety of factors, rather than moving in lockstep with any one economic indicator. The stock market rises and falls for a wide variety of reasons, including global, economic and political issues, but as a broad rule of thumb, a rising stock market indicates optimism among investors about the economy.
Read MoreQ: Should I pay private mortgage insurance out of pocket or finance the cost?
AUG 12, 2022
A:
For the most part, this is a discussion about time. You should compare the total costs of the difference in the two interest rates over your given time horizon.
Read MoreQ: What’s the difference between car loans and mortgages?
JUL 29, 2022
A:
Monthly payments for some auto loans may not be calculated the same way a mortgage loan is.
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