Knowledgeable consumers who make informed
choices are essential to an effective and efficient
marketplace. In classical economics, informed consumers
provide the checks and balances that keep
unscrupulous sellers out of the market. For instance,
consumers who know the full range of mortgage
interest rates and terms in the marketplace, who
understand how their credit-risk profile and personal
situation fit with those rates and terms, and, consequently,
who can determine which mortgage is best
for them make it difficult for unfair or deceptive
lenders to gain a foothold in the marketplace.......