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Did you know…

Did you know…

According to Freddie Mac, nearly half of consumers don’t shop for better rates before taking out a mortgage to buy or refinance a home. Worse, many consumers do not

seem to realize that the rates offered by lending institutions vary widely. With a 30-year fixed rate mortgage averaging 4.94% in the first full week of November, its highest rate since February 2011, shopping for a lender can be more important than ever. Comparing interest rates, terms, and fees may save borrowers money in the short and long term.

For more information on finding a lender and choosing a mortgage visit http://hownw.com/home-buying-process/applying-for-a-loan/.

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