Mortgage Rates
    I like various kinds of digital products .I find that some of the products are so expensive that I have to apply for loans to afford them.Yesterday ,when I stepped into the bank to apply for a loan,a man asked me if I know the mortgage rate because he wanted to get some mortgage loans .And he just confused about it .”Yeah,mortgage loans are generally taken through a local bank or lender, however, these companies and financial institutions do not set up the mortgage interest rate. These rates are determined by the market conditions. Ten-year bonds are generally considered by mortgage lenders, in order to get an overview of the economy. When there is a change in the yield on the ten-year bond, mortgage interest rates also change.”I said.
    In fact ,I did only know a little about mortgage rates.Obviously,I was not an expert.So I adviced him to ask the work of the bank.Well,it seemed that he did not want to leave at all.He pursued me for about 1 hour!
    Oh,that is a bad experience for me!
October 2, 2009
Tags: Loan Posted in: Living
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