refinance rate rise
Mortgage Rates: Is a 7‑Basis‑Point Rise Actually Costly?
A 7-basis-point rise adds about $12 to a monthly payment and almost $4,000 in total interest on a $300,000 loan. The change sounds tiny, but it directly lifts the cost of borrowing and tightens refinance eligibility across the market. Financial Disclaimer: This article is for educational purposes only