Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 04.04.2009.
Opinion: Today the Fed announced a significant plan to purchase an additional $750 Billion in mortgage backed securities from agencies Freddie Mac and Fannie Mae. The proposal is hopeful in that it will stimulate the housing market and refinance business by producing exceptional mortgage rates lower than where they are today. Will this impact the […]
Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 12.20.2008.
Our resources tell us phones are ringing off the hook. I’m hearing rates for purchases and refi’s are anywhere from 5.25% to 5.125% at par. Earlier this year, I sent out an APB for people who are waiting for super rates. Here they are again. Let me know off-line if you would like a reference […]
Interest rates have fallen into the 5.5% 30 yr fixed range. This is quite a sweet spot for those who are considering refinancing and purchasing. At the beginning of this year, when rates were around 5% for a 30 yr fixed, many people took advantage of the opportunity. Please contact your local loan officer. Our […]
Let’s talk about interest rates for a while. As we have discussed before, when most people buy a home, they tend to determine how much they will spend based on the monthly payment they can afford. Two components make up your monthly payment when you buy a home: loan amount and interest rate. A common […]
I’m seeing via various sources that interest rates are moving up. Today I’m reading that 30 yr fixed rates are around 5.75%. The yield on 10 yr bonds has been increasing lately. Have a good day.