Volatile Times Mean Volatile Interest Rates
Buying Oakland Real Estate
Mortgage interest rates have been going up and down daily, and in some cases the swing is significant. With the volatility of the stock market, each day brings new news, some good and some bad. It's this good and bad "news" which drives interest rates up or down, so on any given day the rate could be anywhere from 1/8th to 1/4 of a point more up or down from the previous day.
This is something that must be considered when shopping for your loan, because you may be comparing a quote that you got a week ago to one that you get today, but if rates aren't the same then you can't make the comparison.
In general interest rates are very good, still near historical lows, but each day and week brings new developments which can swing rates either way.
Date: Friday, June, 20th 2008 @ 03:59:52 PMViews: 253
Be the First to Comment on this Post!.