Yesterday interest rates took quite a beating And have started to increase.
If you have considered looking into a mortgage of any kind, now is the time to start moving.
Interest rates are still considered to be at an all-time low although there has been an increase in rates and in home prices, both are still considered to be great. The consumer should not be discouraged due to the mortgage rate increase but should focus on pursuing that mortgage that they've looked into as we are starting to see a trend in rates moving up.
News, updates, tips, quotes, life stories & facts about the Lending and Real Estate Market.
Showing posts with label Interest Rates. Show all posts
Showing posts with label Interest Rates. Show all posts
Thursday, June 20, 2013
Tuesday, March 1, 2011
Understand that Interest Rates can change daily, Even hourly
This means that if you are comparing lender rates and fees, this is a moving target on an hourly basis. For example, if you have two lenders that you just can't decide between and want a quote from each, you must get this quote at the exact same time on the exact same day with the exact same terms or it will not be an accurate comparison.
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