The calm before the storm...

I heard from one of my loan specialists in the industry today... She advises to start locking in rates on loans.

For those who don't know, locking in a rate is basically paying money up front to secure a mortgage rate for a period of time. This way, you can get into a contract and closing without having to worry about the rates going up on you while in escrow. If rates go up, it is a very good investment.

I'm hearing more and more buzz in the real estate market that these rates won't last much longer...

Posted by Sal Giorlando on 07/17/2008 11:35 PM

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Real Estate Agent: Sal Giorlando (Salmar Realty)

Sal Giorlando
Scottsdale, AZ
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Salmar Realty

Cell Phone: (480) 628-3843
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