Happy Wednesday – I hope you are doing well and staying safe. For this week’s video I want to discuss rate shopping. As rates are going up, more and more people are shopping rates. It is important to make sure you get a competitive interest rate and closing costs but there are also other factors to consider. Is the lender local? Do they have a local appraisal panel? Are they an online lender? Are they a bigger bank or credit union? All of these questions factor in the seller's decision on which offer they accept. While rates are going up, they are still near all-time lows outside of the drop-in rates due to COVID. The bigger issue we are facing right now is inventory and in order to win an offer the buyer, real estate agent and lender have to work together to make the offer as strong as possible. Please watch my video for more details and call me if you want to discuss in detail.