advice: What are rates doing? - 11/25/11 03:08 PM
This is the same as asking how much does a house cost?  A rate is useless until you attach a borrower, credit history and income and time-frame to it.  Every deal sings its own song and blurting out a rate is a disservice to a buyer. Take for example a recently quoted rate to a client with an immediate response of "that's too high."  I was a half point away from his co-wroker's recently closed deal.  Time to start digging for the truth.  His friends deal was an ARM which my client did not want.  His friends deal floated his rate … (5 comments)

 


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