Uh oh...there go the low mortgage rates : (

Mortgage and Lending with Sierra Pacific Mortgage Raleigh SPMNMLS1877NevinNMLS69651

Mortgage rate trends are deteriorating today.  General concensus is that the economy is stable in Europe causing investors to buy stocks instead of bonds which in turn causes mortgage rates to get more expensive.  The rates haven't changed but the cost to get those rates has become more expensive.  example:  If you were quoted 3.625% with no points on Friday you might be paying 1/2 a point to get that rate today.

Odds are that rates will "bounce" back offering those who wait patiently on the side line to save some money by locking in at the right time.  Timing is everything which is why I use this cool tool allowing me to monitor mortgage rates.

mortgage rates


If you have more than 30 days before needing to close your loan I advise you "float".  If you have to close in 30 days or less I suggest you lock immediately.

Contact us for a personal rate quote.

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How to Shop Mortgage Rates

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This is not a guarantee to lend.  Rates subject to change without notice. 

Nevin Williams II

Sierra Pacific Mortgage Company Phone: 888-206-5781 (919) 863-4370


NMLS #: 69651


2501 Blue Ridge Road

Suite 250, Office 229

Raleigh, NC 27607

Company NMLS # 1788 | www.nmlsconsumeraccess.org

Rates, terms and programs subject to change based on market conditions and borrower eligibility

Licensed in California by the Department of Business Oversight under the Residential Mortgage Lending Act

Licensed in North Carolina

Licensed in Virginia




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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Very interesting.. This looks like a great tool.  The advice is priceless.... thanks for the heads up.  I hope "they" are right about Europe.. I'm not so certain.

Aug 07, 2012 06:38 PM #1
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

The advice is priceless, indeed.  However, I still believe higher interest rates will be a good thing for long-term economic stabilty.  Then again, I'm no economist ... just ask my bank account;)

With Mortgage Interest Rates, we've been very spoiled for very long.

Aug 07, 2012 07:38 PM #2
Carla Freund
Keller Williams Preferred Realty - Cary, NC
Raleigh - Cary Relocation & Luxury Home Specialist

Nevin - Great explanation of mortgage rates. Now is definitely the time for folks to move on those low rates and great housing prices.

Aug 20, 2012 04:45 AM #3
Nevin Williams
Sierra Pacific Mortgage Raleigh - Raleigh, NC
Raleigh Mortgage Pro

Joan - Hard to say Joan.  Unfortunately I think Europe still has more to come before they can solve their economic woes.

Jason - Agreed.  Rates are ridiculous!

Carla - Thanks!  Now isn't a bad time : )

Aug 20, 2012 07:16 AM #4
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