Credible Operations, Inc. aims to empower individuals to improve their financial standing by providing tools and resources to navigate the mortgage market. As of June 20, the interest rates for 30-year and 15-year fixed-rate mortgages have slightly decreased. Mortgage rates fluctuate daily, so it's crucial to stay informed and compare offers from various lenders to secure the best deal. Factors influencing mortgage rates include credit score, debt-to-income ratio, down payment, loan amount, and repayment term. It's important to understand the difference between fixed-rate and adjustable-rate mortgages, as well as the impact of inflation and economic conditions on rates. To qualify for a mortgage, potential borrowers must demonstrate steady income, assets, manageable debt-to-income ratio, good credit score, and property type. Refinancing and accessing home equity are additional options for homeowners seeking to lower rates or utilize their property's value. Using tools like Credible can streamline the process of comparing lenders and securing favorable mortgage rates.