Why that great mortgage rate offer might not apply to you

 · Each time you apply for a financial instrument a. The popularity of these adjustable rate mortgages are blamed for helping trigger the foreclosure crisis in the mid-2000s.. present it to the seller. The seller might not like your offer, but if he has a smart agent, he will use your bid as an opening volley in negotiations. Every house.

Mortgage rates also differ between borrowers. The same mortgage lender may offer varying interest rate quotes to different applicants – even for the same loan product. That’s because every borrower carries an individual risk profile. Home loan rates can vary by property type and other risk factors.