Are mortgage rates higher for people with bad credit or low income?

Yes, people with bad credit or low income may have higher mortgage rates. Lenders typically use credit scores and income levels to determine the risk of lending money to a borrower. If a borrower has a low credit score or income, they may be seen as a higher risk, which could result in a higher interest rate. However, it's important to shop around and compare rates from multiple lenders, as some may be willing to work with borrowers with lower credit scores or income levels.