March 16th Market Update: Happy St. Patricks Day!

By
Mortgage and Lending with Homes Mortgage NMLS# 366970

Sure, it’s a day early, but there’s no reason not to say it to all of those reveling in their Irish heritage. 

 

Rates have lowered over the past few days and unfortunately it’s in response to the devastating event in Japan.  Investors are worried about what situations like this will do to the global economy and that leads them to invest in ‘safer’ investments for the moment.

 

My thoughts and prayers go out to everyone who has been affected.

 

Rates: 30 year fixed at 4.75% and the 15 year at 4.00%, FHA: 4.50%: As always rates change with individual credit scenarios and programs, with credit in the mid 700s and a 20% down payment these rates are what you should be seeing.

 

 

Have a great week!

 

 

Thanks

 

Matt

 

Matt Royer

Mortgage Consultant, CMC | Homes Mortgage

NMLS# 366970

 

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Rainer
50,516
Terry Bishop
Terry Bishop Realty LLC - Tucson, AZ
Earning Your Trust and Confidence...

You know Matt, people do not remember the 18 per cent and 20 percent interest rates on home loans of years ago.  When they went down to 15 percent we thought we had a deal, and nine per cent was a steal.

Rates have not been this low for years and people get upset when they are quoted over five percent.  

A history lesson is in order!

Mar 16, 2011 04:59 AM #1
Rainer
50,516
Terry Bishop
Terry Bishop Realty LLC - Tucson, AZ
Earning Your Trust and Confidence...

You know Matt, people do not remember the 18 per cent and 20 percent interest rates on home loans of years ago.  When they went down to 15 percent we thought we had a deal, and nine per cent was a steal.

Rates have not been this low for years and people get upset when they are quoted over five percent.  

A history lesson is in order!

Mar 16, 2011 04:59 AM #2
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Matthew Royer

NMLS # 366970
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