How much can you save by shopping for a mortgage? ...Middle East

Shopping around to find the best deal on a mortgage loan could result in substantial savings in today’s high-rate environment, experts say. Getty Images/iStockphoto While inflation has cooled substantially from its peak of 9.2% in mid-2022, at 3.3%, the latest inflation rate remains above the Federal Reserve’s 2% target rate. In turn, the Fed decided at its June meeting to keep rates locked at a 23-year high. As a result, today’s mortgage rates remain elevated at just below 7% on average, which is significantly higher than the 2% to 3% rates many buyers locked in during the pandemic.  Given today’s elevated rate e

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