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How to communicate rate changes to borrowers

Mortgage rates are changing every day – and those changes can have big effects on borrowers. Over the last year, it seems that most of those changes have taken an upward trajectory, but there are times that monitoring mortgage rates means good news, such as the rate drop from 7.37% on Nov. 9 to 6.67% on Nov. 10. 

So how – and how often –  should you be communicating rate changes to your borrowers?

Checking on rates

Jack Skovgard, a broker with Long Beach Home Loan Corp., said the first thing he looks at every morning is what’s happening with mortgage details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com