Are Interest Artificially Inflated?
Do you understand how interest rates work? If you do you are probably in the mortgage or banking industry. The fact is that most people who buy a home have no idea how mortgage companies arrive at the interest rate you are told.
The fact is there is a lot of people involved. There are some other entities involved. And truthfully speaking the mortgage company is typically not to blame. So how do they arrive a the interest rate you and I pay?
On this episode of Real Estate Right Now, Paul Fitts Senior Loan Officer from Advantage Lending, walks us through how the interest rate gets passed to you and talks us through the rate market, and also addresses the question, “Are interest rates artificially inflated?”
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If you are looking to connect with the best person in your area…why not start with Linda Craft & Team, Realtors drive on over to www.LindaCraft.com