Special offer

I just quoted 4.25%!!

By
Mortgage and Lending with Paramount Residential Mortgage Group, Inc NMLS# 262906

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!!

Ron Tarvin
Residential, Investment properties, rehab projects, property management, luxury homes, new construction! - Katy, TX
Broker, Katy, Houston, Cypress 77450,77494,77095

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! :)

Jan 14, 2009 02:52 AM
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

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

Jan 14, 2009 02:54 AM
Jim & Maria Hart
Brand Name Real Estate - Charleston, SC
Charleston, SC Real Estate

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

Jan 14, 2009 03:23 AM
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

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.

Jan 14, 2009 03:38 AM
Lanre-"THE REAL ESTATE FARMER" Folayan
Samson Properties - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

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.

Jan 14, 2009 04:10 AM