Jan
15
RATES! RATES! And even better RATES!
Written by: barb and filed Under Blog, Buyers, Lending, Mortgage Update |
Has anyone been paying attention to what the interest rate market has been doing lately? The 30 year conventional loan which allows for amounts up as high as $417K has gone as low as 5.25% today! We are almost at the all time low here? This is some interesting times going on don’t you think? If you aren’t ready to refinance or purchase your new home now, when will you be?
Regardless of what is happening in the economy right now, you MUST take a look at your own finances and see if this is the time for you to take advantage of these incredible rates. Do anything you can to consolidate your 2nd mortgages or credit card obligations into these rates. If you’ve got the equity to do so this is your time.
Even jumbo rates have started to come down again. Those are loan amounts over $417. The scare of the summer when lenders were uncomfortable lending in those higher loan amounts are starting to calm their nerves and I’ve seen those rates as low 6.5% for the 30 year fixed loan.
I know it is scary out there with our questionable economy. But don’t be afraid to make things better in your own finances. As I said earlier this year, my goal is to give everyone positive information to make their lives better. Here is one way it may work for you! Call us to see if this is a possibility for you and your family!
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Thanks Barb. Good thing we locked yesterday. Looks like rates ticked back up today. Thanks for giving us the heads up and getting this done for us. You are the best.
you are always welcome! I will always do my best to get you the best!