Lowest Mortgage Rates this year! 30 Year Fixed at 4.375%

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Mortgage and Lending with Supreme Lending USDA, FHA, and Conventional Loans 31251 NMLS# 380824

Lowest Mortgage Rates this year!  30 Year Fixed rate at 4.375%

Today, the mortgage bond market improved once again and continues to climb.  The higher the bonds go, the lower rates fall.  The Fed expects rates to remain low for sometime but certain anticipate them to begin slowly climbing over time. 

At 1pm ET today, the Treasury auctioned a record $42B in 5-year Notes.  This follows yesterday’s good auction results of 2-Years, which helped push Bond prices higher.  Then at 2pm ET, the Fed Minutes from the November 4th meeting were released.  And looking ahead, next Thursday December 3rd, is the day the Senate decides to either approve or disapprove Obama's nomination of Fed Chairman Ben Bernanke to a second term.  There has been chatter from some, including Chris Dodd, suggesting that Bernanke's nomination is in jeopardy – but we think it will go through.

It seems fitting that in advance of Thanksgiving, tomorrow's economic calendar is packed like a stuffed turkey.  We are expecting Personal Income and Spending, Initial Claims, Durable Goods Orders, Michigan Consumer Sentiment and New Home Sales.  It will be interesting to see how the market digests this enormous helping of news, with the market being closed on Thursday and having a shortened trading day with a 2pm closing on Friday.

Courtesy of Mortgage Market Guide

If you, or a friend, or a family member, or a co-worker could possibly take advantage of these rates, then please feel free to contact me anytime.  This truly might be the absolute best time to refinance your current mortgage and save tons of money each month.  Rates dropped this low back in February and then shot up to the mid to high 5's.  Please do not waste this opportunity tobetter your financial position or to buy a house with the cheapest money in history!

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Topic:
Lending / Financial
Location:
Georgia
Groups:
Realtors®
1st Time Buyers
Posts to Localism
North Georgia Mountains
ABR/REBAC
Tags:
mortgage rates
home loan rates
current 30 year fixed rate

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Rainer
68,078
Epcon Communities Epcon Columbia
Epcon Columbia, SC - Columbia, SC

Wow, I am going to refinance now!!!

It's amazing how low rates are.   This might be everyone's best chance to get a new home.

Nov 24, 2009 07:35 AM #1
Rainmaker
60,128
Justin Messer
Supreme Lending USDA, FHA, and Conventional Loans - Peachtree City, GA
Residential Loan Officer, USDA Rural Housing Loan

You definitely should!  Also, you would be doing anyone you know a huge favor by telling them where the rates are.  Typically, most consumers hear about the rates a week or two later.  By that time, they have already gone back up!

Nov 24, 2009 07:37 AM #2
Rainmaker
68,355
Shelly Whitworth
MorSystems.com - Carmel, CA

Now is certainly the time to get in!!

Shelly Whitworth
MorSystems

Nov 24, 2009 07:38 AM #3
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Rainmaker
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Justin Messer

Residential Loan Officer, USDA Rural Housing Loan
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