Effect 5Sep 232 min readMortgage Rates Spiking at Fastest Pace in a Long TimeBy: Matthew Graham Mon, Jan 10 2022, 3:24 PM Last week wasn't a great one for mortgage rates. Most lenders were roughly a quarter of a...
Effect 5Sep 193 min readWhat does it mean to “lock” an interest rate?When you buy a home or refinance, you go into escrow, and at that time, you are asked whether to lock the interest rate. The escrow...
Effect 5Sep 103 min readWhat is “APR (Annual Percentage Rate)” which indicates bank interest rate?Interest rates vary widely between banks. Because of this, it is hard to know which bank has the lowest interest rate. What is the...