The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
The Risks of Chasing a Lower Mortgage Rate
By Scott Sheldon
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May 13, 2025
Why Chasing a Lower Mortgage Rate Can Backfire When buying a home, it’s natural to want the lowest mortgage rate possible. But sometimes, chasing a slightly better rate from another lender—especially after your offer has already been accepted—can backfire in a big way. Real-World Scenario You’ve got an offer accepted on a house. You’re working…
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