Get 1/2 the story – Low Longwood Mortgage Interest Rates
Posted by Chris Brown on January 15, 2009
Longwood real estate and mortgage rate shoppers – beware. When it comes to low mortgage rates, you can’t always believe what you read in the papers, get in your mailbox [as you go through your mail standing over the garbage can] or hear on TV. Or, for that matter, what you see in official looking graphs!
A terrific example is the chart at right. Published by Freddie Mac, it shows the 30-yr fixed mortgage’s “going rate” by the nation’s mortgage lenders.
On December 30, 2008, that rate was 5.1 percent.
But 5.100% is only 1/2 of the information that matters.
There’s a… [Read the rest of the revealing blog post here: Get 1/2 the story – Low Longwood Mortgage Interest Rates
