" "mortgage rates Archives

Current Interest Rates: If rates have dropped since you took out your mortgage, refinancing could save you money.
Your Credit Score: A higher credit score can qualify you for better rates.
Home Equity: Having sufficient equity in your home can help you get favorable terms.
Your Financial Goals: Whether you aim to lower your monthly payments, pay off your mortgage faster, or use your equity for other expenses, your goals will influence your timing.

In 2024, the demographics of homebuyers reveal notable shifts and challenges. The average age of first-time buyers stands at 35, while repeat buyers are typically 58. Popular Illinois cities such as Chicago and Naperville are seeing continued interest despite the...