Par Rate Defined
Par rate is a rate that does not cost money or create money. Rates are quoted on a scale. On the low side, a rate costs money and you would pay that in the form of a discount point. Then as a rate moves higher up the scale, there is [...]

In my real mortgage rates podcast, I give you the 30 year mortgage rate every day. But how do you know that my 30 year mortgage rate is the par rate since we always say you cannot trust rate quotes?
Well, I get my rate information from an independent wholesale lender. If [...]

Currently (April of 2008), the 30 year fixed par rate, the rate a good shopper could get, is around 5.75%. This is a good rate to “fix in” for the long haul. Given our current administration “likes” the dollar at all-time lows, sooner rather than later, rates will have to rise.
Getting caught in an [...]

The rate doesn’t have to be effected at all. Simply use the chart below to determine the investment property adjustment or “add-on”…and pay it as discount points directly to the lender. The rate will remain par if you negotiated a par rate in the first place.
Investment Property Adjustments:

That’s a great question.
The rates we quote on the daily podcast are the “real wholesale rate” or what’s is known in the industry as the “par rate”.
To understand more about rates and how they are quoted read, “How To Read Mortgage Rate Sheets”
Bank Rate Quotes
Bank rate quotes always add to the wholesale rate [...]