Mortgage interest rates in Wisconsin
Do you know what impacts the mortgage interest rate you’re offered? You should, especially if you’re shopping for a mortgage. How you’re perceived as a credit risk is a big factor, as is the type of mortgage a lender is offering. The general state of the economy plays a role, too. If you’re considered a high credit risk, and a lender’s cost to obtain funding is high, the interest rate you’re quoted will be higher. The interest rate on an adjustable-rate mortgage (ARM) likely will be lower initially than that offered on a fixed rate mortgage (FRM). But it likely will be higher as soon as the mortgage adjusts.
