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Bernanke speaks - Record Low Rates Still Needed

By
Mortgage and Lending with Stearns Lending NMLS # 288504

Yesterday Fed Reserve Chairman, Bernanke spoke and held the rates again, see video.

http://www.youtube.com/watch?v=Dlb8in-Ny_o

As for mortgage rates, they are still looking really good.

The tax credit is still available to first timers, and also to existing home owners, but you must be in escrow by April 30th, and close by June 30th.

30 year about 4.75%

15 year about 4.25%

5 year about 3.5%

Wow, on the 5 year!!!!!

Posted by

Ray Avanzino
Mortgage Loan Originator | Stearns Lending | NMLS# 288504
2001 Winward Way #100, San Mateo, CA 94404
Office: (650)257-2068| Cell: (650) 576-6531 | Fax: (877) 282-4941