Hi all!

I hope this finds you well. It's been very hot and humid here, but fortunately, cool enough in the morning to take my dog, Odin, on an hour-long walk. He loves it because there are always new smells--not to mention the squirrels, cats and other dogs.

Meanwhile, I get some great information from the lenders that I work with. Many times, when someone is thinking of buying a home, they know that interest rates affect their payments and how much house they can buy, so they call a lender with one question...and are frustrated because they don't get an immediate answer. While we can say "interest rates are great right now" what they actually are varies according to a number of factors. This is the email I received from Linda today;

Each day I get countless calls from clients shopping interest rates and they simply ask, "What is your current interest rate?" That is really an open-ended question because many factors affect an interest rate quote.

> What type of financing are you seeking?

> Are you putting any money down?

> Are you interested in a fixed rate or an adjustable rate loan?

> Is this loan for a primary, second home or investment property?

> If refinancing, do you wish to pull money out of the equity or only refinance an existing mortgage balance and roll in closing cost?

> And the most important question, what is your credit score?