Special offer

Current mortgage rate trends 5-18-11 San Diego mortgages

By
Mortgage and Lending with Fairway Independent Mortgage Corporation Nevin NMLS #69651

Current mortgage rate trends are getting worse.  Mortgage rates increased and may be poised to continue increasing.  If you are closing in less than 15 days I recommend you lock your mortgage rate.  If you have more than 15 days I suggest you hold off but do so cautiously and make sure your loan officer is staying on top of the mortgage rate market changes.  If your loan officer isn't doing this then maybe we should handle your financing for you.

FHA broker San Diego

mortgage rate trends

Looks like the Fed is done buying mortgages and is wanting private investors to buy them again.  If we can convince investors to buy again we may see underwriting guidelines ease allowing people to get financing more easily.

Now is a great time to buy a home or refinance an existing mortgage.  Contact us for a rate quote.

  FHA broker San Diego

 


 

 

Apply Now

Comments (1)

Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Nev....they say the trend is your friend....I sure hope so, b/c I've seen some real price improvements over the last few days!

May 20, 2011 05:32 PM