Are the rates that you quote on the Real Rates Daily podcast what a bank or mortgage company should be charging for a loan?

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Positive


Negative

The rates we quote on the daily podcast are the “real wholesale rate”. Bank always add to the wholesale rate to make additional revenue. The reason we give you these rates is so you can compare when you are shopping with real knowledge of the rate market.

Knowing what the “real” rate is allows you to see when a quote is obviously high or when you are being “setup” with a low-ball rate quote.

Obviously any company who sets their rates to high should be avoided…and also any company who participates in “bait-n-switch” low-ball quoting should be treated the same.

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