Private mortgage rates refer to the interest rate that is charged by a private lender for a mortgage loan. Unlike traditional mortgage loans offered by banks and other financial institutions, private mortgages are funded by individuals or groups of investors. As a result, private mortgage rates can vary greatly from one lender to another depending on various factors such as market trends, risk assessment, and competition. In this article, we will discuss the impact of market trends on private mortgage rates and how they affect borrowers and lenders.
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