Mortgage Refinancing - When Is The Best Time To Get An Interest Rate Quote
By Louie Latour
Mortgage refinancing can save you thousands of dollars if you take the time to research mortgage offers. Mortgage rates fluctuate on a daily basis and the time you request a quote can make a difference. Here are several tips to help you find the perfect mortgage rate when refinancing your mortgage.
The best time to request a mortgage rate quote is usually after 9am EST. The reason for this is that government economic reports are typically released around 9am on the east coast. If you check too early in the morning many lenders may not have priced their rate sheets for that day. Check too late in the afternoon and the markets may already be closed meaning you ll have to wait until the next morning to get your rate quote.
The mortgage rates you see published in the newspapers are several days old and not worth your time. Because of this delay in publishing don t expect to get the rate you see printed in the paper when you call your loan representative. When shopping for a mortgage rate quote get your quotes on the same day and try to collect them at the same time of day.
Comparing rate quotes from different loan programs is meaningless when comparison shopping for the best loan. Always compare rate quotes from one loan program and make sure you get a quote for all lender fees associate with that interest rate. This means if you have to pay two points upfront to qualify for a given mortgage rate, this is important information to know when comparison shopping. You can learn more about your mortgage options, including costly mistakes to avoid with a free mortgage tutorial.
To get your FREE six-part Mortgage Refinancing Tutorial, visit RefiAdvisor.com using the link below.
Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: “Mortgage Refinancing - What You Need to Know,” which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.
Claim your free mortgage refinancing tutorial today at: http://www. How to Get the Best Mortgage Loan Rate Refinance Free Home Refinancing Rate Quotes Mortgage Quote Rate Refinance- A Key to Financial Freedom Obtaining a Mortgage Quote Online - What to Look For in a Quote?
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