When searching mortgage rate pa in a search engine you'll see that mortgage rates are at an all time low. What does this mean to you? What should it mean to you?

In most cases loan amounts being in the mid 100 thousand dollar range. Mortgage rates differing a few tenths of a point really doesn't mean that much to you. Now if you had a million dollar home on the other hand a eighth of a point adjustment can mean a lot.

So do not panic if your mortgage professional is pressuring you saying rates are going to increase unless you have a big mortgage. It is a scare tactic that most mortgage professionals use to try to speed up a closing.

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