How Mortgage Rates Work and Why They Matter

Posted by Bonnie Martin Designated Broker on Monday, November 10th, 2014 at 6:33am.

interest_alexandrgordeev_450realtor.com - Most of us know mortgage rates are important—after all, the difference between just one-eighth point in interest percentage could end up costing you thousands of dollars over the length of the loan.

All of us want a great mortgage rate. And if you’re trying to find the right time to lock-in a good one, it makes sense to know the basics about how mortgage rates move.

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Photo:  ©[Alexandr Gordeev]/123RF.COM

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