If you're buying or refinancing on a home amid the coronavirus outbreak, ask your lender whether it's offering rate lock period extensions.
Over the past year, the Fed has lowered interest rates three times, a move that has inspired a mortgage-refinancing boom among millennials.
The mortgage industry rapidly evolved after its disastrous role in the global financial collapse a decade ago. Even bigger changes are on the horizon.
In some expensive housing markets, it can still be a stretch for even the highest earners to comfortably afford a home, a LendingTree report found.
When the Fed cuts interest rates, it's to encourage spending and growth, and it affects everything from savings accounts to mortgages to loans.
Heed this advice and you'll avoid some expensive mistakes in the homebuying process.