Mortgage rates can vary widely, so learning how to compare mortgage rates may save a lot of money, and can change several times per day. It can and do change daily. It can vary from one lender to the next, so don't forget to make a loan comparison, and can fall well ahead of the Fed lowering short term rates.
Mortgage rates can be held for up to 120 days (4 months). It can change daily, and can rise well ahead of the Federal Reserve increasing short-term interest rates. It can change instantly, but they don't follow indexes.
Saturday, April 12, 2008
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