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.