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Category — Published Rates

Why You Can’t Trust Newspaper Mortgage Rate Advertisements

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Have you ever seen a mortgage rate advertisement in the newspaper and then went to the bank to find that the rate you’re being offered is definitely not what was in the newspaper. There are several factors that come into play when determining your personal mortgage rate. And there is also the fact that the interest rates can change daily. It is possible that the mortgage company submitted the ad days before it was printed. By the time the printing occurs, the rate is no good. What is dumbfounding about this is that the mortgage lenders know that these advertisements are no good. It’s just a way to bring people through the door. 

April 12, 2009   Mark Morrison is a local mortgage expert in MD.  You can reach Mark toll free at 1-800-851-3730