How often and based on what does the interest rate on home mortgages fluctuate?

I applied for a home loan and was given a rate of 5.0%, (I know… really good but that’s what it was.), and by the time our papers were signed it was back up to 6.0% in a matter of hours. Which makes a big difference in monthly payments, just thought that was strange … maybe not?

mortgages

mortgages

Be Sociable, Share!
Tags: , , , , , , ,

3 Comments for “How often and based on what does the interest rate on home mortgages fluctuate?”

  1. jlf

    A matter of weeks, maybe. Not hours.

  2. Fort Sill Army Wife

    It depends were you just quoted 5% or did you lock it in, if you didnt lock it in then it can change. We locked ours in at 6% but when we signed our contract it dropped to 5.5% so we got the lowere rate

  3. joyce

    ))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))
    This is a problem that everybody face this days. trust me i have being in this same situation and just last week, someone introduce me to a loan fairm in yahoo answer about UNsecured Loan that he has being approve for a loan that i can try and see if my will be granted off which i put it to a test and i was approved and given a loan fund of $4000USd that i requested from them and i will be starting my repayment after 4 months of loan offer. I will help you with the Loan Office address but since you are looking for a loan i will like to know what kind of business that will be good for me to put the money into so that i can make the repayment as soon as possible cause i nerva plained to get a loan as big as $4000USD please let me know. Loan Office Email is unsecuredloanupdate@live.com
    you can try the firm and see how they can help you…. please also let me know the type of inverstment that will be good for me..
    (((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((
    Loan Office Email is unsecuredloanupdate@live.com

Leave a Reply

*

Search Archive

Search by Date
Search by Category
Search with Google
Log in |

Powered by Yahoo! Answers