Low Mortgage Rates; Big Discounts May Be Big Trouble for Unprepared Consumers

Lowermyrates.com website issues warning for those ill-prepared to take advantage of mortgage rates.

Bank of America today announced that it will issue discounts on some of its Florida customers' home loans by up to thirty percent. LowerMyRates.com, a credit repair and lower mortgage rates site working in a variety of fields, warned that what seems like a good idea on paper, does not always work that way in practice.