Puzzled at how banks and mortgage brokers get their money to lend out to home buyers? Wonder how those ever changing interest rates are set? Did you hear like I did that lower interest rates...dare we say 4.5% are on the horizon? What causes this fluctuation?
Even after years in the industry, this subject can be difficult for many REALTORS® to explain to clients.
Just this morning, I came across this post on the social network site, Facebook. Brian Brady, Mortgage Broker with World Wide Credit Corporation, explains, slowly and carefully so we can all understand, why he believes interest rates will be coming down again and soon. In less than four minutes, you will better understand the flow of money in the mortgage industry. Here’s the link:
Brian Brady NOW knows why mortgage rates will drop to 4.5% (soon)
Brian makes it all SOUND so Simple!
Brian Brady NOW knows why mortgage rates will drop to 4.5% (soon)
Brian makes it all SOUND so Simple!
If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet or Homebuyers Success Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
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