Posts by tag: affecting factors
Jul 23, 2023
Caspian Wilkerson
What affects home improvement loan rates?
In my research on home improvement loan rates, I've found several factors can influence these rates. Your credit score is a major player; the better your score, the lower your interest rates will likely be. The amount you're borrowing and the repayment term length can also impact your rates. Furthermore, the current market conditions, including economy health and interest rates set by the Federal Reserve, can sway home improvement loan rates. Lastly, individual lender policies and your personal financial situation can also affect these rates.