April 10, 2019 by RE/MAX of Cherry Creek It’s a common question: What are today’s interest rates? Alas, the question is easier posed than answered, as interest rates vary significantly according to many factors. What goes into the interest rate you will receive on your mortgage? The Consumer Financial Protection Bureau (CFPB) cites these 7 elements: Your credit score: Generally, the better your score, the lower your interest rate, as lenders...

It’s a three-digit number that carries a lot of influence over your future. It can dictate whether or not you’ll qualify for a home, car, or business loan. It can also be the deciding factor in whether or not you qualify for a low interest rate. What exactly is a credit score and what factors contribute to its number? A credit score is a number from 200 to 800 that reflects your payment and borrowing history. Are you a big spender?...