What's Happening With Interest Rates? Your Clients Need To Know This!

What's Happening With Interest Rates? Your Clients Need To Know This!

A few days ago the TV news and newspapers reported that interest rates were falling to near record lows. A day after the reports the unemployment numbers came in better than expected. This caused a quick rise in interest rates that of course wasn't reported as prominently as the low rates were.

The chart below covers from February 4th through today. The higher the number on the chart the lower interest rates are. As you can see interest rates started to rise in late February hitting a high on March 11th. Then they started to fall hitting a low on May 1st. You can see what happened on May 3rd when the unemployment news was announced. (Green is good - rates going lower. Red is bad - rates going higher)

Your clients need to be aware this is happening. A quote they got on Wednesday or Thurday is very different from a quote they will get today.

PrimeLending, A PlainsCapital company can protect you clients against these kind of fluctuations with our Float Down Program.

Give ma a call and I'll let you know how it works.

Your source for Conventional, FHA and VA loan information. 


My direct line is 240.813.0614. So let me hear from you! Remember...it doesn't cost a penny to talk...so call right now and I will answer all your questions. 


Alan Gross 

Senior Mortgage Consultant 

PrimeLending, A PlainsCapital Company 
704 Quince Orchard Rd., Suite 230 Gaithersburg, MD 20878 
Home Office: 240.813.0614 
Email: agross@primelending.com 
Web: www.mtg-info.net 
Web: www.DCMilitaryVALoans.com 
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