Getting the Lowest Mortgage Rate

Mortgage rates have surged from record lows, creating challenges for homebuyers. To secure lower rates, potential buyers can improve their credit scores, maintain cash reserves, and keep a favorable debt-to-income ratio. Sticking to a budget and exploring alternative mortgage options, like adjustable-rate mortgages, can also help. It's advisable to compare multiple lenders and consider buying mortgage points for long-term savings. Locking in rates and timing purchases according to market conditions can further enhance savings.