Shopping Interest Rates

If you are in the real estate market to buy or interested in refinancing your  home loan, shopping interest rates is very important. With rates as low as 4.25% lately, it is a great time to buy or even if you do not want to move, you may think about refinancing you home.  Everyone interested should start their interest rate search with the bank they usually do business with. From there, go talk to mortgage brokers and see who is willing to give you the best rate.  A quarter of a point could save you a lot of money over the term of a 15 or 30 year loan.  Just a little something to think about.

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