Laura Grace Tarpley, a senior editor at Business Insider for personal finance coverage, has left the news organization for another opportunity. She oversaw…
Today s mortgage and refinance rates: April 12, 2021 | Rates drop
If you buy through our links, we may earn money from affiliate partners. Learn more.
Mortgage and refinance rates have gone down since last Monday. You may want a fixed-rate mortgage rather than an adjustable-rate mortgage, because fixed rates are starting much lower these days.
Mortgage rates tend to be low when an economy is struggling. The coronavirus pandemic has hurt the US economy, and it s taking a while for the country to bounce back.
Popular Articles
Christian Wallace, Head of Real Estate Services at Better.com, told Insider that rates will probably stay low for a while as the country waits to see if there is a fourth wave of coronavirus. A fourth wave could cause more people to stay home, which would hurt the economy.