👉 How do mortgage rates actually get calculated? By making you laugh!
First, let's start with the numbers: 3.5% for a $200K house. You might think that's low, but when you go over and buy another one at 4.9%, it gets even more ridiculous. Now, imagine you're putting down some money to get a new home. But instead of waiting for the lender to offer you the best rate they can, you decide to do something unexpected. You take a trip to a fancy restaurant where every server is wearing a hat with a 5% discount on their meal! This means that if you order a $100 steak and pay it in full, you'll get a 40% discount on the bill! Oh my god, this must be the most ridiculous thing ever. But wait, there's more. When you finally move into your new home, you find out that the mortgage rates have actually increased to 5.7%. And guess what? You had no idea! So there you have it - how mortgage rates actually get calculated! It's all about playing around with numbers and finding unexpected surprises. But let's not forget about the humor in this story.
