Here’s why that matters:
Banks have a set amount of money they want to lend out in mortgages each month. But sometimes, they have extra funds (nice problem to have, right?).
To get that money working and earning interest (Think, Profits) they drop their rates. But they don’t want to lower their advertised rates for everyone because that cuts into their profits.
Instead, they quietly send out a special offer through the Mortgage Broker Channel. This is what we call an “Unpublished Rate.”
These rates are available for a limited time, usually 60 to 90 days, and are only accessible through a Licensed Mortgage Broker like me.
If you’re planning a purchase, renewal, or refinance, reach out anytime. I’ll let you know if any unpublished rates are currently available.
