What is the Average Bad Credit Mortgage Loan Interest Rate?
According to recently collected financial data, the current average bad credit mortgage loan interest rate is 4.7%. It is worth noting that due to favorable market conditions and certain government relief programs, current interest rates are at a record low for bad credit mortgage loans. What is more, market trends suggest that interest rates on these loans will only increase with time. Subsequently, now is the best time to take out bad credit mortgage loans.
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