Top 5 Questions you MUST ask when getting a mortgage?
On April 10th
1. What are mortgage interest rates based on?
Mortgage rates are based upon Mortgage Backed Securities or Mortgage Bonds, not the Treasury Note. While Treasury Notes sometimes trend in the same direction as Mortgage Bonds, it is not unusual to see them move in completely opposite directions. DO NOT work with a lender who has their eyes on the wrong indicators. Read the rest of this entry »