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I just quoted 4.25%!!

Rates right now are the best I've ever seen them, including the drop in the last couple weeks.

I just quoted a borrower 4.25% for a 30yr fixed loan - They were paying 1.5 points to get this rate, but that is still the best it's been in decades!!

I know there's a tendency with many borrowers to say "If they're this low now, they may even go lower!". That could be true, but the opposite is more likely - Usually when there is a temporary downturn, a sharp upturn follows soon after.

Get it while it lasts!!

Posted by Dan Magstadt on 01/14/2009 10:45 AM

Comments (5)

4.25% Rates in the ActiveRain Channel

425 rates, low rates, interest rates

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5 Comments on I just quoted 4.25%!!

JAN

So are three's around the corner?

I hate that there is so much speculation that rates are going to go down further that keeps buyers on the fence!!

4.25 is a great rate though! I've got some folks who just might be motivated by that number to Sell and move up! :)

That's gnew reat! If the rates keep dropping I may actually be able to qualify for a refinance.

Hey, Dan. That is awesome; you can't beat that number with a stick. Thanks, Jim

Nice rate I don't really see how they could go much lower. Even if they did I don't think it would make much of a difference.

Dan Magstadt -You said it best- Get it while it lasts. Unfortunately,some buyers are still looking for the buy a house for free sale-IT IS NOT GOING TO HAPPEN. Great post Dan.

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