The future of banking is here. ISO 20022 will go into effect in the Spring of 2025. This will no doubt change how the world does it's banking. We'll be watching to see how it impacts the economy as a whole and how it will impact mortgage rates.
**On the posted rate quote, the first figure assumes an average 1 point buydown. The second figure assumes no points. An exact rate quote is based on a borrower's specific application & qualification.
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