What are people hearing about mortage rate? Here is what I heard:
Right now, we are seeing 30 year mortgage rates at 6.25% and a 15 year rates at 5.875%. Be watching out going forward though, Fannie Mae is implementing price adjustments for lower credit scores. Those will be going into effect on all mortgages delivered after March 31, 2008.
Sell or Lock those homes fast. I don't think buyers know right now how good they could have it. Education is the key.
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