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">Discretionary Rate

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A discretionary rate is a preferred rate that a bank or credit union is willing to offer certain well-qualified clients, but that it does not advertise publicly. A client’s ability to obtain discretionary discounts is based on a variety of factors, including their history with that institution, their negotiating ability, their credit worthiness, etc.

Here’s a link to view RateSpy’s current estimate of big bank discretionary mortgage rates.

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