I was hoping to make it to 100 episodes, but unfortunately today is going to be the last video. You can find my explanation and my final piece of advice for you in today’s video.

Here’s more:

(Watch it on your mobile phone or email reader here)

It has come to my attention that the end of the world is tomorrow. I wish I would have known that sooner…I would have called in sick today. Click here to read the story

If your not half crazy and are still shopping for a mortgage, I want to go through the most important thing I think you should know today.

It is simple, to the point, and may not sit well with 95% of the mortgage lenders out there. The truth is not every lender’s business model is set up to give you the best deal you qualify for. Its just the opposite.

The business plan is to give you the highest rates and cost they can without losing you as a client. That way they can make the most money possible on your loan.

You may think that the new compensation rule has eliminated that problem, but that’s not true. I don’t think you want to go into the two hour explanation on how mortgage compensation works, but the bottom line is that higher rates still equal higher compensation. You won’t know unless you shop around.

The truth is if you really spend some time and effort to shop around to get the best rates and costs on your mortgage, the compensation thing takes care of it self. But, it’s not easy. It can be a lot of work. Especially if you don’t actually know what the best rates and costs are. That is why Rates in Motion was born. I truly believe it can help.

Know what the best rates and cost you qualify for and then go find a lender that will give you those terms. That’s it. Rates in Motion is a The Kelly Blue Book for the mortgage world. Yes I know it sounds like I am tooting my own horn here, but it’s true. I want you to get the best deal possible and I just hope my information makes it easier.

That’s it! That’s my one thing!

Mortgage Bonds are trading slightly lower today. The weakness in the stock market has been helping mortgage bonds. Market is quick to react to any news.

Today’s rates with no lender fees are 4.5% on a 30 year fixed, 3.75% on a 15 year fixed, and 3.0% on a 5/1 ARM. Click here to get the details and other rates I found today with NO lender fees.

Please don’t forget to share today’s episode and let’s change the way people shop for a mortgage…forever!

See you tomorrow!

– Mike

To ask a question, get advice, or find out what your lender is making off your loan, just post a comment with your question.

Click here to visit the community of Rates in Motion viewers on Facebook.

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