The Direction Of Mortgage Interest Rates?
For a little over a week the direction of mortgage interest rates has been steadily downward. In looking at today’s rates I see we are under 5% with a rebate. That of course is for conventional borrowers with no add ons. Add ons can take the interest rate higher for things such as: size of down payment, condo or not, size of condominium project, cash back or not, credit score, type of loan, or owner occupied or investment. All in all today’s rates are refreshing and should help the market. If you think these rates can save you money each month be sure and contact one of our loan officers, even your favorite if he or she is still in the business.
Or contact me and I will match you with one that would be good for you and your situation. Larry Cragun: 206.618.3724 and by email larrykcragun(@)yahoo.com
steadily downhill photo from Flickr and by cobber_cpd
PS: It is 3 hours after this post and I am informed by our home office that we are close to a mid day price increase.
