Bank of America, like most large banks, knows people want low mortgage rates so they just offer higher fees. Why pay additional points when getting your mortgage rate when you don’t have to? At Mylendingplace.com, we can get you the same low Austin mortgage rates without charging you additional points.
Unlike major lenders like Bank of America, Wells Fargo and Chase, we’re a “No Point” lender! View our closing costs here!
We can offer you the best mortgage rates with the lowest closing costs!
Today’s Austin mortgage rates are still near historic lows! If you’ve been interested in refinancing your existing home mortgage loan, now is the time! We can offer you the best mortgage rates with the lowest closing costs!
Mortgage rates are constantly changing and this makes it difficult when one is buying or refinancing a home. So how are mortgage rates determined?
There are really two pieces to mortgage rates. First, everyday there is a general market price for loans. This is how Wall Street or “the open market” prices mortgage backed-bonds.
Secondly, there is how your local lender/mortgage broker takes the Wall Street open market rates and offers them to the public.
The purpose of this article is to discuss how your local lender or bank determines the rate for your specific home loan. (more…)
