mortgage rates
Nov. 20th, 2001 02:04 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
cellioI feel like I'm a victim of bait-and-switch.
bankrate.com has been claiming, for the last week, mortgage rates (15-year fixed) of 5.25% -- yeah, with some points and fees, but 5.25% is still pretty damn good. The problem is that none of the mortgage companies to whom they attribute this rate is quoting anything near that low -- and that info is public on their web sites. So what's up with bankrate.com? Are they dishonest, or merely inept?
The other part of the problem is actually getting a mortgage company to answer the phone to talk about a refinance these days. We've been trying for a couple weeks. Even if we can't get lower than 6.0 it's worthwhile for us; we're currently at 7.625. But I'd like to be able to lock in a lower rate, if only someone would answer the damn phone or email. Sigh.
bankrate.com has been claiming, for the last week, mortgage rates (15-year fixed) of 5.25% -- yeah, with some points and fees, but 5.25% is still pretty damn good. The problem is that none of the mortgage companies to whom they attribute this rate is quoting anything near that low -- and that info is public on their web sites. So what's up with bankrate.com? Are they dishonest, or merely inept?
The other part of the problem is actually getting a mortgage company to answer the phone to talk about a refinance these days. We've been trying for a couple weeks. Even if we can't get lower than 6.0 it's worthwhile for us; we're currently at 7.625. But I'd like to be able to lock in a lower rate, if only someone would answer the damn phone or email. Sigh.
