If you're in the market for a home, or in the real estate industry you can't have missed the recent volatility of mortgage interest rates. This prompts me to issue a caution to all homebuyers and their agents.
If you are comparing mortgage interest rates be very, very careful. Rates are changing at such a rapid pace that the quote you received from a lender yesterday afternoon will almost certainly have changed by this morning.
I suggest when comparing lenders, get all of your rates on the same day. I would even go so far as suggesting that you compare rates from only around the same TIME as they can, and often do, change throughout the day.
Feel free to let me know what you're thinking! But if you leave a comment anonymously please be sure and check back for a reply.
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