| FYI - Commercial Mortgage Rates are comprised of
two items in calculating a final rate. Rates are determined by a
preset underlying Index, (cost of funds) which is Bond Market Driven
number listed to the left and a Spread or Margin which includes a risk
premium and lenders profit. Rarely is a set rate guaranteed so
beware of receiving a quote. Spreads can change on Secondary
Government products daily. Rates are locked most often at the completion
of underwriting just prior to closing unless a lock fee is collected in
advance after lender due diligence has been completed. |
