With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...
Lenders base mortgage interest rates on the benchmark interest rate, along with other factors such as credit score, loan-to-value (LTV) ratio, size of the loan, type of loan and loan term.
Swapping your current home loan for another can offer several benefits ... 18 cut of its benchmark rate means mortgage rates are now likely to dip as well (more on that later).