Your Interest Rate Update - 01/05/09 01:24 PM
January 4, 2009
 
Happy New Year!  I hope the Holidays treated you well and I wish you a happy, healthy and prosperous 2009.
 
First off, I want to thank you for helping me have a great 2008.  My business thrives on your thinking of me when you think of real estate financing.
 
I truly appreciate all the questions, calls, emails and referrals you bring my way.  I know I can't always help directly, particularly with today's tighter guidelines and lower home equity levels, but I'll always lend my thoughts, insight and perspective to a scenario in an effort to arm you with … (0 comments)

Your Interest Rate Update - 01/04/09 10:16 PM
December 24, 2008
Merry Christmas, Happy Chanukah, and best wishes for a fun, joyous, and safe Holiday, whatever you celebrate!
 
Well, 30 Year Fixed mortgage rates managed to briefly hit a new floor of 4.5% (cost/points varied by the hour) over the last week, after the Fed's Open Market Committee Meeting and subsequent policy statement on December 16.  But, don't be fooled by the media - it wasn't the cut of .75% to the Fed Funds Target rate that caused that dip.  The overnight lending rate - which the Fed Funds Rate targets - was already trading around .125% before that move.  The … (1 comments)

 

Eric Grathwol

Somerset, CA

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Priority 1st Mortgage

Office Phone: (916) 771-9000

Cell Phone: (916) 223-4235

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