Today is a GOOD DAY!!! Refinance for under 6%!!

Mortgage and Lending with Top Flite Financial, Inc

Hello everyone!

 As those of you who follow the Markets may be aware, yesterday and to a small extent Monday was a highly volatile environment for global trading markets. Several of the asian economies suffered rather extreme drops of up to 5% of the value of their collective markets. It is the prevailing belief from analysts that this was the direct result of the flailing US economy, and represented a pre-emptive sell-off in light of a potential global recession. I have the impression that it was significantly reactionary, but I"m not a financial analyst...

 The side effect, positively, is that RATES IMPROVED, SIGNIFICANTLY!!!!  Yesterday, I locked a client at 5.000% on a 30 year fixed FHA loan, which was just spectacular!

Today, as the market has recovered and the 10 year T-Bill has readjusted to the after effects of Ben Bernacke's FED 3/4% rate cut, the pricing for loans has risen slightly, but I can still easily, EASILY do a 30 year mortgage for less than 6% and I hope that will remain in that range for at least a week or so, perhaps more.


If you have any questions, please feel free to call me on my direct line, 517-983-1050.

Happy Hunting!

Comments (1)

DDR Realty
DDR Realty - Newburgh, NY
Orange County NY
With the current rate drops, I believe more homeowners will look into refinancing.
Jan 23, 2008 08:35 AM