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How often do interest rates change?

April 26, 2017interest rates

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How often do interest rates change?

6 Answers

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Your guess is as good as ours. We watch the Wall Street prime to keep us informed and suggest that you do the same.

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Interest rates change regularly with the fluctuation of the market. The interest rates we quote you on the site are good for two hours. If a quote expires, you will be prompted to resubmit to receive an updated quote. Of course, once you lock or protect your rate, it will not increase as long as you close and fund your loan on or before the rate expiration date.

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Interest rates change daily and sometimes several times daily based on the bond market. Rates are also dependent on the type of mortgage loan and the loan balance.

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Interest rates change daily and sometimes several times daily based on the bond market. Rates are also dependent on the type of mortgage loan and the loan balance.

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Interest rates change regularly with the fluctuation of the market. Of course, once you lock or protect your rate, it will not increase as long as you close and fund your loan on or before the rate expiration date.