Mortgage rates often inflated, says ATB

By Staff | August 2, 2013 | Last updated on August 2, 2013
1 min read

ATB Financial says homebuyers are often confused about the posted mortgage rates at many institutions.

“The way [institutions currently] post mortgage rates…makes an already stressful consumer decision more complicated,” says Rob Bennett, executive vice-president of ATB Retail Financial Services.

In his view, homebuyers often haggle over rates to adjust them down, which means the final rates are “based on their negotiation skills.”

For more on mortgages, read:

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U.S. bank forecloses on wrong home

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The staff of have been covering news for financial advisors since 1998.