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Are Advertised Mortgage Interest Rates Real?

Writer's picture: Ross VarahramiRoss Varahrami

Updated: Dec 13, 2023


Have you ever wondered if advertised interest rates or mortgage rates are real? I've seen ads, commercials, and heard radio messages of a 1.99% or 2.25% interest rate. What's the catch? Are those advertised Mortgage Rates real? Yes, but there's more.

Are the rates real? Yes.

Do you qualify for those rates/APR's? Possibly not. Your loan must fit into a specific box.

Is there fine-print? Yes - they typically contain multiple requirements (e.g.- 60% or less loan-to-value, loan amount range, FICO & county requirement, etc.).

Do they come along with hefty cost? A lot of the time - if you check the fine-print it normally discloses terms, point cost, etc.


Watch this short video I made to gain more knowledge and education of what you hear vs. what is the going market rate. It's 2021 and a great time to learn! Feel free to call or email me with any questions, as always.


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© 2021 by Ross Varahrami - NMLS# 904125

West Capital Lending National Mortgage License #1566096

CA Dept of Real Estate Lic. #02022356

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