Today, the mortgage market offers such a variety of products and services that both the first time home-buyer and the seasoned purchaser needs to sort out the information. Qualifying for, and closing on, a mortgage is not brain surgery. Credit card or other revolving debt payments should not have any late payments within the last 2 years. Borrowers must have at least 2 years employment with the same employer. Most borrowers have one question above all others that is their overriding concern.
Interest rates can and do go up and down every day, just like stock market prices.
Obviously this is an exaggeration, but many a transaction is jeopardized if the professionals you choose are not diligent and competent. A potential borrower must do their homework. Jeff Carpenter Sr.