Don't expect bank employees to admit their rates are inflated; most bank employees know very little about mortgage rates and will swear the bank rates are not marked up. Banks exploit the loopholes in RESPA to make their loans seem more affordable with the fees and closing costs; however, they hit you with undisclosed SRP markup on your interest rate. No one but the bank knows how much they are profiting by selling your loan; the more they overcharge you for the loan, the more the bank will profit. The problem with bank rate sheets is that they already include Service Release Premium and the bank is under no legal obligation to admit it. The Banking Lobby spent millions of dollars to have this law changed excluding banks from disclosure requirements. Banks are different from traditional mortgage originators because they close on loans in their own name. The bottom line is that your bank will not be less expensive than other options; your bank will always overcharge you for the mortgage loan. To get your hands on this "Mortgage Refinancing Toolkit," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com. While banks are a convenient way of getting a new mortgage and are much less likely to try and use high pressured sales tactics on you, you are limited to the Bank only mortgage products. You can learn more about your mortgage refinancing options, including costly pitfalls to avoid by registering for a free mortgage DVD. Fannie Mae publishes the weekly yield on their website with their press releases. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com. For a free copy of "Mortgage Refinancing: What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com. As you can see the cons of bank funded mortgage loans clearly outweigh and advantages. The problem with taking out a mortgage from your Bank is that they are not required to disclose any of this markup due to loopholes in the Real Estate Settlement Procedures Act. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. Bank mortgage rate sheets also have Service Release Premium built into their interest rates. Your bank doesn’t do this collecting the interest from payment you send in every month; banks make the majority of their profits selling loans on the secondary market. For a free copy of "Mortgage Refinancing - What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. Real estate agents and agencies also gain profits from buying and selling properties foreclosed by banks. Your bank knows what mortgage rates their competitors in the wholesale market are closing loans at; however, they are counting on the fact that most homeowners don't understand mortgage rates to overcharge their customers. To get your FREE Mortgage Refinancing DVD, visit RefiAdvisor.com using the link below. Fortunately for you, there is a way to spot it. It may be true that mortgage brokers are known for overcharging for their services; however, banks are much worse due to loopholes in the legislation that protects homeowners from abusive mortgage lenders. Banks make the majority of their profits from mortgage lending by selling their loans on the secondary mortgage market. This is the retail markup of your mortgage interest rate when you borrow from a wholesale lender. The markup from 6.0% - 6.5% is Service Release Premium. The bank knows the wholesale mortgage rate you would have qualified for in a competitive market; however, banks build Service Release Premium into their rate sheets.