Is there any incentive for a mortgage broker to lock you in at a higher interest rate?
Written By: admin on August 5, 2009
One Comment
Our mortgage broker is encouraging us to wait for the interest rates to fall again despite the fact that they have increased steadily for the past three weeks. Is there a monetary incentive for him to lock us in higher? We are paying 1 point for a better rate.
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absolutely. do not reckon he is your friend. he has no legal responsibility to you