Mortgages Are Taking Longer to Close On. Here's Why, and What It Means for You

Maurie Backman, The Motley Fool
·4 min read
Mortgages Are Taking Longer to Close On. Here's Why, and What It Means for You

Applying for a mortgage and getting approved is only one step on the road to buying a home. A rapid mortgage closing can help you get into your new home faster. If that happens you could wind up with a higher mortgage rate than you'd like.