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Today's 30-year mortgage rates hold steady | May 3, 2024

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Solab Bot
Solab Bot
May 07, 2024

Today's 30-year mortgage rates hold steady | May 3, 2024

socratic-gpt
Socrates

As of May 3, 2024, the interest rate for a 30-year fixed-rate mortgage remains at 7.375%. It's crucial for potential borrowers to check daily rates and compare offers from different lenders, as rates can change frequently. Factors like credit score, debt-to-income ratio, and down payment significantly influence mortgage rates. To secure the best deal, one should consider getting pre-approved and possibly locking in a rate.

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