Three mortgage rate mistakes borrowers should avoid in March

Mortgage interest rates are currently at their lowest in years, but borrowers should avoid three key mistakes this March to enhance their chances of securing favorable terms. Firstly, expecting an imminent Federal Reserve rate cut is unrealistic, as the likelihood is under 3%. Secondly, relying solely on FreddieMac’s rate movements could lead to missed opportunities, as other lenders may offer better rates. Lastly, borrowers should explore alternative options, such as mortgage interest points, to secure lower rates rather than settling for average ones.

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