Winona, MN Real Estate News

By Dave Williamson
(Gateway Funding)
If you’ve been following mortgage refinance rates from the sidelines, it’s not too late to take advantage and slash a few bucks from your payments. There are a few things you should know about interest rates when shopping for your mortgage. Avoid some common mistakes. I have several tips in regard to a refinance. Please read on. Are the Interest Rates I See… Actually Real?  Interest rates change all the time. Seriously. Lenders lower their interest rates to win more business or, alternately, raise rates to slow down an overload of applications. You can see this occur with larger banks, but even with local banks when the application volume is heavy. You will then see their publushed rates increase to cut back on volume. What about these low interest rates? You will sometimes see advertis...
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