Understanding and predicting mortgage interest rates. Tips from a pro.Posted by Mic Ortega on Wednesday, October 3rd, 2012 at 4:22pm.
What do interest rates look like? Where are interest rates going? Are interest rates going to get any lower? After, “how’s the market doing,” these have to be the most common Real Estate related questions that I get. I try to keep track of the rates as best as possible but with them changing daily, it is hard to know and predict without watching them constantly what direction they are headed.
So instead of trying to guess on my end, I decided to ask a professional. Tracey McVicker is a senior mortgage consultant with SWBC Mortgage Company here in Denver. Tracey is constantly tracking mortgage rates and I thought who better to ask about what makes them go up and down than the expert who consistently gets my clients the best interest rates possible.
To best understand the crazy world of mortgages, I asked Tracey to start off by explaining what drives interest rates. Click here to watch a video explaining it all, and definitely give Tracey a call with any questions and for all your mortgage needs.
SWBC Mortgage Company
400 Inverness Parkway, #160
Englewood, CO 80112
LMB # 100023964 / NMLS # 257339
Voted 2010, 2011, and 2012 Five Star Mortgage Professional
(As seen in 5280 Magazine)
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