These days, almost anyone in the mortgage business is trying to portray their expertise, even when they are lacking. With the internet, it is fairly easy to do a relatively good background check on any mortgage professional if you know what to look for and learn to spot the phonies. Fortunately, many display their stupidity more than their expertise, making your job easier. However, in some cases, many have used information you know little or nothing about to portray expertise and thus use it as a BS selling point. Mortgage rate forecasting is among the leading cases
Before you apply for your next mortgage, you should read this to increase your chances of truly getting the best deal.
Many mortgage professionals have adopted their own mortgage rate forecasting, or daily advisories on the heels of my own (I started it, sorry). However, many use it just to portray expertise, though they lack it, begging to question whether anyone can actually do it. If you wonder if mortgage rate forecasting is a hoax, read this!
