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August 3rd Market Update: Rates are dropping!

By
Mortgage and Lending with Homes Mortgage NMLS# 366970

Good morning,

 

For those of you who were looking for last week’s update, you’ll get all the info this week.  Last week we took a short vacation up to the Whitefish chain for our first family vacation now that our daughter is one. I’ve attached my favorite photo of my two girls from the 3 day excursion for those of you recieving my email version as well.  

 

With the government wrangling over the debt bills, the stock market has reacted fairly poorly.  This has led to another rally in lower interest rates, the to really look at are the 15 year rates and the FHA rates available now. Yet another reason for homebuyers to take advantage and for homeowners to strongly consider restructuring their retirement plan with proper mortgage planning.

 

 

Rates are below, have a great week!

 

Rates: 30 year fixed at 4.25% and the 15 year at 3.375%, FHA: 4.00%: As always rates change with individual credit scenarios and programs, with credit in the mid 700s and a 20% down payment these rates are what you should be seeing.

 

 

Thanks

 

Matt

 

Matt Royer

Mortgage Consultant, CMC | Homes Mortgage

NMLS# 366970

 

612-232-7646 c

651-770-0637 o

651-294-1001 f

 

www.MattRoyer.com