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Tag Archive: mortgage rate discounts

16 things that impact your mortgage rate

—The Mortgage Report: July 22— Rate Influencers: When people ask, “What’s the best rate?” most just want you to reel off a number with minimal complexity. Many don’t realize all the elements that determine mortgage pricing. That’s why it’s almost impossible to spit out an accurate quote on the fly. If you want a standard 5-year fixed, for example, factors...

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What Determines Variable-Rate Mortgage Discounts?

Mortgage shoppers ask this question all the time. It’s useful information if you’re trying to discern variable rate trends. While the answer is convoluted, below is some insight into how variable-rate discounts are formed and why they change. Setting the Discount Most of the time, lenders price closed variable mortgage ratesat a discount from their prime rate. There are two...

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