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The Week In
Rates
Request today's rates
Thursday, August 09, 2007
Source: Mortgage Market Guide
Request Rates
We can send you a detailed rate sheet upon request.
If you're interested in specific rates we suggest
you either call or fill out the form below. We'll
get rates to you via email or phone within the hour
(during business hours).
Why don't
we post rates?
Mortgage interest rates move up and down very much
like the stock market. Rates can move on a moment-to-moment
basis. There is absolutely no way for anyone to know
how interest rates may change an hour from now, let
alone a day or week from now.
Keep in mind that advertising generally requires
production of materials and advance scheduling for
placement of those materials. Those requirements mean
days or weeks of planning and preparation.
It can be very beneficial to consider how a lender
who advertises an interest rate today, for instance
in today's newspaper, could have possibly known what
the rates would be today - when that advertisement
was produced days in advance.
While interest rates for consumer loans - such as an
automobile loan - are more stable and predictable, mortgage
interest rates move constantly. Therefore, we encourage
a healthy level skepticism toward advertisements for
mortgage loans that offer a specific rate. It's rather
like a stock broker promising that a certain stock will
be trading at a certain price - next week.
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