Which Rates Are Real?
That’s a regular occurrence for mortgage professionals. The media commonly report interest rates based on the prior week’s Freddie Mac average. Meanwhile, the loan officer receives up-to-the-minute information. The two often conflict.
Financial markets are fickle and prone to sudden reversals. While the previous week’s average can be indicative of a longer trend, it’s rarely an accurate reflection of the present.
A proper consultation with a mortgage professional will provide you solid information and a quote that reflects both the current rate and the specifics of your situation. I’m happy to assist you in learning what is really available right now and determining a strategy to take advantage of it.