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People ask me all the time, “where are the rates at?” I wish I could instantly spit out an accurate number for them but I can’t. I don’t want to mislead anyone like some of these online ads are doing when they say that the average 30-year fixed is at 5.5%. They are leaving out the fact the rate is based on the “perfect” borrower. Every borrower’s scenario is different (Credit Score, Loan to Value, Equity, etc..) and lenders base what they offer off of that. If these people are asking me for small talk, I will engage with pleasure. If they are asking to see if I think rates are going up or down, I will gladly tell them my opinion. But if they are asking me because they want an exact number I hope they meet me half way and give me a brief synopsis of their situation so I can give them a rough estimate. I hope people understand I’m just trying to be honest and not mislead anyone. If you have any questions related to mortgages feel free to contact me at 805-540-0866 or ryan@GoMetroLoan.
P.S. I want to thank Keith for letting me contribute to this terrific blog.

Written by Keith Byrd - Go to Keith's Website/Profile