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Understanding How Mortgage Rates Work

Posted by janepeters on February 28, 2010
| 0

Thanks to Rick Pelleriti, Upfront Mortgage Broker, I am providing a video that explains in simple terms how mortgage rates are calculated.

The mortgage rate itself never changes, but the price associated with the rate you choose, does.

You may have heard the term “Yield Spread Premium”, also known as a rebate. This video should help you understand.

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