April 6th Market Update: Vacation plans anyone?

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Mortgage and Lending with Homes Mortgage NMLS# 366970

Good Morning,

 

Interest rates are holding tight once again. Now that we have gas prices rising higher once again, is anyone re-arranging their travel plans for the spring/summer season?

 

Shannon and I just returned from a quick trip to San Diego to get a change of pace and a much needed rest from the long winter we’ve had here and still expect to do some travelling this summer to see family when we get the chance.  Even though we see the daily annoyance of higher prices, it’s not going to be changing our plans or habits.  I have a theory that many are in the same boat but would be really interested to hear about anyone purposely changing their habits as well as what specific changes they are making.  It’s never a bad idea to gain a little knowledge.

 

Rates: 30 year fixed at 4.875% and the 15 year at 4.25%, FHA: 4.625%: 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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Topic:
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Tags:
market conditions
mortgage interest rates

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Rainmaker
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Sharon Lord
Maracay Homes - Peoria, AZ
New Home Advisor

Matt - trips are what keep us sane!!!  It stinks, but I think gas would have to be in the $5-6 range/gal before we'd reconsider a vacation....

Apr 06, 2011 05:19 AM #1
Rainmaker
87,428
Matthew Royer
Homes Mortgage - Saint Paul, MN
NMLS # 366970

I'm right with you on that! I don't think I'd survive without those mental breaks :-)

Apr 06, 2011 05:25 AM #2
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Rainmaker
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Matthew Royer

NMLS # 366970
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