Here’s The Scoop on Rates

Looking for the Best Interest Rate for Your Mortgage?
The purchase and financing of your home is the MOST IMPORTANT FINANCIAL INVESTMENT
and DECISION that most people will make in their lifetime. If you are not working with a
professional who has a complete, working knowledge of the mortgage industry, you may
not receive the right loan for your individual situation and at the lowest rate.

Having said that – HOW CAN YOU BE SURE that the person you are working with has
the knowledge to properly advise you?

What Are the Mortgage Rates Based On?
Mortgage Rates are based on Mortgage Backed Securities or Mortgage Bonds.  If your potential lender cannot explain this to you concisely and correctly, they do not have the knowledge needed to advise you of the trends with mortgage rates.

When the Federal Reserve “Changes” Interest Rates, What Impact Does this Have on
Mortgage Interest Rates?
When the Federal Reserve changes called the “Fed Funds Rate” or “Discount Rate.”
This rate change affects the ability of financial institutions to borrow money.  While there are often effects on credit cards, auto loans and credit lines, mortgage rates mostly move in the opposite direction due to the dynamics in the financial market.

If your potential lender is NOT knowledgeable in these critical areas of mortgage interest rates, DO NOT entrust your most important investment to a novice, beginner, or loan processor. You deserve to have all the facts in order to make an informed decision.

Get A Rate Quote Now…