Mortgage rates have experienced a rollercoaster ride in recent months. After dipping earlier this year, rates have slightly increased over the past week. But what does it really mean for you, the homebuyer? Amidst these fluctuations, it's essential to understand the bigger picture and how rates impact your homebuying journey.

Are you eyeing the housing market because you've noticed more homes for sale and falling mortgage rates? If you're thinking about buying a home, getting pre-approved for a mortgage should be at the top of your list.