Mortgage rates

Well it had been the same for me too until a couple of years back.But then under certain circumstances I had to take upon all these things myself. And so I learned, actually once you understand the basic things about it, it is easy.My mortgage agents are from Safebridge Finances Group and they helped me a great deal in understanding the rates. Typically, floating rate loans will cost less than fixed rate loans. In return for paying a lower loan rate, the borrower takes the interest rate risk: the risk that rates will go up in future. A fixed-rate mortgage is a fully amortizing mortgage loan where the interest rate on the note remains the same through the term of the loan. As a result, payment amounts and the duration of the loan are fixed and the person who is responsible for paying back the loan benefits from a consistent, single payment and the ability to plan a budget based on this fixed cost.

I worked for a mortgage banker for 18 years, so I don't find it all that complicated.