In addition to checking with your current financial institution (a bank or credit union), ask a mortgage broker to shop rates on your behalf. mortgage brokers aren’t lenders; they act as matchmakers.
Refinancing can also potentially save you thousands of dollars a year. Let’s say you have a mortgage balance of $250,000, and.
Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to.
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