Mortgage Rates Dip, Fannie Mae Economists Offer Housing Market Outlook

Mortgage rates for 30-year fixed-rate loans have dropped by 0.375 percentage points as of January 30, making it a good time to check current rates before applying for a loan. Factors such as credit score, income, and down payment amount can influence the mortgage rate, and it's important to compare rates from different lenders to secure the best deal. Credible, a personal finance marketplace, offers tools to compare mortgage rates and provides information on how to qualify for a mortgage, apply for one, and refinance an existing mortgage.