Shopping for a mortgage is almost as hard as shopping for a house.  There are so many different options available and I can tell you that finding a mortgage is going to affect the rest of your life – so make sure you do not take the decision lightly.  Whenever you are looking for a mortgage, a lot of people wonder exactly how much time they have before they have to make a decision.

Well, usually the offer that you get from your lender is only good for about a 24-hour period … that is because there are so many people looking for mortgages; they can not hold special offers.  Whenever you are looking for a mortgage, you always want to make sure that you can make the decision right away.

The mortgage market is a quick market to move and on average, the rates actually change every 4 hours and 2 minutes.  Keep that in mind.