What i'm trying to gain some information on , is info about mortgage rates.
In the near future , i'm going to have to go and refinance a property to attain a further 100,000.00 loan to pay off some siblings, as a result of an estate settlement.
The current mortgage interest rate sits at 5.5 % at my bank presently.
My question is: are these rates fixed? or are they subject to "dickering". you know... say you start trying to falsely inflate your gonads and say "Well...i'm going to another bank if you don't get down another percent on the lending rate". that sort of thing.
I'm terribly naive to the banks.
Your credit-worthy input would be greatly appreciated