I appreciate when customers ask “Whats Your Rate?”. It is the question I probably receive the most, as interest rate is such an important part of the equation and one of the most misunderstood parts of the equation by many consumers.

The frustrating part is that oftentimes once a consumer believes that they have secured the lowest rate and terms and then find out that their closing may be thirty or forty-five days away, and in that time rates have improved by .125 or .25, or sometimes even .375 percent, they then find that they may not have gotten the lowest rate per say. And, if they change lenders trying to chase that rate, they’d spend additional time and money, and possibly miss a closing and still not get the lowest rate. It’s very frustrating because rates can still move again!

You see, rates move in ranges. Literally, if you look over the past 60 days rates have been traveling in a range between 4.75% and 5.5%. And all of the rates in this range are at an all-time, 30-year low!

So, what I want to show you today is that rate is certainly an important part of the ownership equation, but the lowest cost loan strategy over time with a plan blended to match your personal financial goals is what I will create and deliver for you and your family and then manage that debt strategy over time. Would that be ok?