Mortgage-Guy.com

Simply checking online for today’s posted rates may not lead to your expected outcome due to the lots of factors that can cause each individual rate and closing cost scenario to fluctuate.  Most lenders tend to post their “best rate” which may not be the rate that most consumer qualify for.

They can preach communication, service and education all day, but it’s our ultimate aim to earn your trust so that you can be confident in our ability to successfully lead you through this complex mortgage process.

Since mortgage rates can modify several times a day, the following questions will help select whether or not your lender truly knows what to look for so that they can provide you with the best rate two times you’re in a position of locking in your loan:

Who determines mortgage rates, and what are they tied to?

While the 10-year Treasury Note has been known to trend in the same direction as Mortgage Bonds, it is not unusual to see them move in opposite directions.

Mortgage interest rates are determined by the pricing of Mortgage Backed Securities or Mortgage Bonds. The media often implies mortgage rates are based off the 10-year Treasury Note, which is incorrect but it is an easy answer for the general public.

Mortgage rates may modify throughout the day, however they only change on days when the Bond markets are trading securities since mortgage rates are based on Mortgage Bond prices.

How often do mortgage rates modify?

Mortgage Rates can change daily

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