Friday, September 12, 2008

Wednesday, September 10, 2008

Mortgage Rates Drop (Today at least)!


I've seen a few 30 Year Fixed Rate Mortgage Rates get quoted today at 5.5%. This is GREAT for anyone considering buying!
Think: Prices beaten up over the past 3 years. Rates are where they were 3 years ago (+/-).
DO NOT MISS THIS Great Opportunity!

Tuesday, September 9, 2008

Timing Is Everyting!


The recent 'bail-out' of Fannie Mae & Freddie Mac has sent typical conforming 30 year fixed mortgage rates down into the low 6% range and possibly into the high 5%'s! This means that buyers have more purchasing power (can afford more house for the same payment as before)!
We all know that prices have declined over the past few years, however with the current decline in mortgage rates (which could be temporary),this is one of the best opportunities I've seen to buy in quite some time.
Check with your local lender for exact rates & terms as they may (and probably will)change!