Mortgage Rates

Articles discussing mortgage rates and how they are quoted, falsified, and inappropriately disclosed.

Best Mortgage Rates Rarely Found On The Web

All the online rate advertising websites claim to have the best mortgage rates. It is easy to claim you have the best mortgage rates when you have no oversight.

There is more than one lawsuit…

How To Read Mortgage Rate Sheets

Mortgage rate sheets are a godsend when it comes to keeping loan officers honest. The mortgage rate sheets tell the tale when you are quoted an inflated rate.

You can catch this artificial upping of…

Rate Lock: Get It In Writing

What documents should you sign to execute a mortgage rate lock? Always get a rate lock agreement from your broker or banker at the time of lock. Of course, like anything in the real estate…

What is APR?

What is APR?, is commonly asked question and a confusing concept for the average consumer since most erroneously believe they can use APR to compare mortgage offers.

The confusion is compounded when it is widely…

Emergency Fed Rate Cut Just Another Smoke Screen

The Fed rate cut this week came from and emergency meeting when the Dow futures were down almost 500 points. The rate cut came just in the nick of time stemming a stock market crash…or…

Current Mortgage Interest Rates: Why They Rose After The Fed Cut

The Fed makes a rate cut and current mortgage interest rates rise. The current mortgage interest rate on 30 year fixed loan routinely inches up compared to rates before the cut.

Consumers are expecting the…