With Mortgage Rates at All Time Record Low Levels, many homeowners in Dallas Fort Worth are seeking to take advantage of refinancing or to a LOW fixed rate on mortgage programs such as FHA, Conventional, USDA, VA, or Jumbo programs. Still other Dallas area consumers are looking to buy a new home and lock into the best Fixed interest rate on 30 or 15 year terms.
However, for many Texas homeowners and homebuyers, how to get the lowest interest rate on an FHA, Conventional, USDA, VA, or Jumbo mortgage can be an overwhelming task given all of the various lenders to choose from.
The #1 Mistake that Homebuyers and Homeowners make in when they compare interest rates is that they do so over a wide space of time. This can give a false impression that one lender has better rates than other lenders when in reality, it might have just been luck timing.
See the chart below on how fast mortgage rates and pricing can change!! If a consumer gets 3 rate quotes over a 24 hour period on this day, they could get very different responses or could have locked in at a “less than ideal” time.
The Solution is the work with an experienced mortgage loan officer than can help you understand the dynamics and timing of how to lock into the lowest interest rate at the right time!! Email firstname.lastname@example.org for a low rate quote or questions about current mortgage market conditions.
Best Advice is to work directly with an experienced Dallas Mortgage Loan Officer that can help you understand both different options as well as the timing of the mortgage interest rate market. Email questions about current mortgage market conditions to email@example.com if you’re considering refinance or purchasing a new home.