Live Rate Quotes
Real Estate Chart of the Day
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Based on how the mortgage market's been moving lately, on 2 out of 3 days, a morning rate quote from your lender is going to be expired by the afternoon. It makes shopping for a mortgage a complicated business.
On average, rates are changing every 4 hours, 2 minutes.
That's really fast and, as a guy who watches mortgage rates for a living, I'll say this -- unless you're willing to accept a higher mortgage rate, don't gamble on trying to score a lower one.
Take every rate offer seriously. Instead of comparing it to what you want, compare it to what you have. Saving money is saving money and there's almost never a reason to hold out for that extra 1/8 percent.
It's not like the added savings from that 1/8 percent is going to pay for your retirement or anything. And besides, how much lower can rates really go from today's levels anyway?
With mortgage rates in flux, it helps to know in what direction they're headed.
Here's two ways to stay on top of markets:
Or, let's make it more personal.
Call orand we can talk about your personal mortgage rates needs. I'm licensed in a lot of states and if I can't help you personally, I'll direct you to someone that can.
Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator call 513-443-2020.
Bonus: Click to get a free, no-obligation rate quote. I love to work with my readers!
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