This just in from my in-house mortgage lender..."Rates on the 30 year fixed today are at 5.75% with zero points, assuming credit scores over 680, loan amounts over $150,000 and at least a 5% down payment.
The 15 year is at 5.25%
FHA 30 year is at 5.5%.
Not a bad time to buy a house!" How can anyone argue with that?
At a local Realtor® Association meeting today, another mortgage lender mentioned that there is talk that the Feds might drop rates another 1/4 to 1/2 a percent, but this should be the absolute bottom. There will probably be corrections lurking in the near future.
Don't wait. Visit your mortgage lender and get locked into a rate today and make your move!
Comments (0)Subscribe to CommentsComment