How to Determine a Par Interest Rate Sunday, March 16th, 2008
How to Determine a Par Interest RateWhen attempting to negotiate with a lender or mortgage company in order to get your best mortgage interest rate it’s imperative that you begin with the par rate. The par rate is the break even amount that the bank buys their money for. Most people do not realize the fact that rates do not change, the price that lenders pay for the rates is what changes. These price changes dictate the rates that you pay in the retail market.
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