Understanding How Mortgage Rates Work

Thanks to Rick Pelleriti, Upfront Mortgage Broker, I am providing a video that explains in simple terms how mortgage rates are calculated.

The mortgage rate itself never changes, but the price associated with the rate you choose, does.

You may have heard the term “Yield Spread Premium”, also known as a rebate. This video should help you understand.

Jane Peters

I am a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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