...I shoulda put gas in the car last night. Now it's early, there's traffic, and I'm gonna be late to work. Uuggghh!!!
I shoulda bought milk and creamer from the grocery store, now I'm drinking my coffee black! Eew.. blagh...
If you've been reading the Daily Mortgage Updates over on The Industry Report, you kno
w that rates dipped to a low of 4.875 - 5% on a conforming 30-year fixed rate mortgage early Wednesday morning!
But the low was short-lived! It was a literally a (4) four to (5) five hour window of opportunity. Some ready-to-go homeowners benefited from the opportunity and many others were left thinking:
Gosh dang it! I shoulda refinanced!
The week's close left us staring at 5.5% on a conforming 30-year fixed rate mortgage while Jumbo mortgage rates soared to 6.75% on a 30-year fixed rate (loan amounts from $417,000 to $650,000).
Talk about a deterioration in rates!
Now if you're one of the few who benefited from our Bond Market rally and Wednesday's interest rate lows, that's great news for you!
If on the other hand you're part of the majority thinking, "shoulda, coulda, woulda"...all is not lost. Here's what I recommend that you do:
- If you haven't heard from your Loan Officer since the last time you refinanced or purchased your home, contact me today for a FREE Mortgage Review. There's no reason for you to go it alone!
- If you've thought of refinancing but haven't taken the time to get pre-approved, let's put the pen-to-paper and GET you approved! It could save you hundreds which translates into thousands over the life of your mortgage.
Mortgage Planner
World Wide Credit Corp
(323) 810-2175
ricardo (at) ricardobueno (dot) com
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