Lenders aren't required to give you a mortgage just because you're pre-approved. Lenders may deny you if your financial situation or market conditions have changed.

P rospective homebuyers often gravitate toward the 30-year fixed-rate mortgage, and for good reason. It gives you lower monthly payments because you spread the loan out over three decades, unlike a 10 ...

Average mortgage rates will likely remain elevated this month, though incoming economic data and monetary policy decisions could change that.