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Mortgage rates can vary significantly depending on the type of loan, with government-backed loans such as FHA and VA loans often having lower rates than conventional (Source:https://www.nerdwallet.com/blog)

Mortgage rates can also vary based on the credit score and down payment of the borrower. Borrowers with higher credit scores and larger down payments may be offered lower rates. (Source:https://www.bankrate.com/mortgages)

The Federal Reserve's monetary policy can also impact mortgage rates, as the central bank sets a target for the federal funds rate, which can influence rates for other types of loans, including mortgages. (Source:https://www.federalreserve.gov/monetarypolicy/openmarket.htm)

In addition to the interest rate, there are other costs associated with a mortgage, such as origination fees, points, and closing costs, which can vary depending on the lender and loan type. (Source:https://www.consumerfinance.gov/mortgage/)

Mortgage rates can change daily. They are affected by a variety of economic factors such as GDP, inflation, and the unemployment rate. (Source:https://www.investopedia.com/terms/m/mortgage-rate.asp)