It looks like interest rates are rising again. They are now hovering over 6.5% for 30 year fixed. Most banks or mortgage companies can lock your rate in for a maximum of 60 days. Locking in a rate means that a bank will honor the interest rate they give you for 60 days. If the rates go up during that time, you'll still keep the rate you were quoted.
So if you're on the fence about whether to purchase a home or not, a quick decision may save you money.
For more information about buying a home, visit www.MikeSellsPittsburgh.com
AZ Veteran Notary Services - Marana, AZ
Mobile Notary Public/Certified Loan Signing Agent
Mike, You have some great article here - the way to get read and recognized is to participate. I'd love to see you turn your blog into a succesful stream of leads - mine is going crazy right now and I'd love to help you get yours jump started.
Let me know how I can help.
Now Have a Blessed Day,
John Occhi, Hemet CA REALTOR®
Mission Grove Realty
Aug 14, 2007 04:12 PM
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