How to Make Sense of Mortgage Rate Info These Days
Let's start today's rate coverage with a public service announcement on the best way to be a consumer of mortgage rate data online.
It can be quite a chore to make sense of day-to-day mortgage rate movement recently. Even after doing as much as can possibly be done to ensure apples-to-apples comparisons, there can still be significant changes and discrepancies for one of any number of the following reasons:
You're looking at rate info that is more than a few hours old (even worse if you replace "hours" with "days").
You're looking at rate info from one specific lender and comparing it to a broad average or a different lender
You're looking at a rate quote that relies on upfront points in order to secure a lower rate
You're looking at a rate quote for a scenario that in
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