Interest Rates @ Lowest Levels Since June

By
Mortgage and Lending with Movement Mortgage NMLS # 574681

 

 

Good afternoon...and Happy Halloween!

This is just a quick post to let you know that rates have dropped for the second consecutive week and are now at their lowest levels since June. 

The Fed announced today that their bond-purchasing program (QE3) will continue for the time being (most analysts are predicting till at least March) and this should keep rates very low for quite a while. 

Home inventories are shrinking and prices are rising. You can use these low rates to offset these things and save money. And if you haven't taken advantage of a refinance, it's a great time for that too!

Have a happy and safe Halloween!

Posted by

JP Marzano

NMLS ID# 574681

O: 312-654-7216

M: 312-608-1555

www.themortgagecall.com

www.facebook.com/themortgagecall

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www.linkedin.com/in/jpmarzano

Comments (2)

Ralph Gorgoglione
Maui Life Homes / Metro Life Homes - Kihei, HI
Hawaii and California Real Estate (310) 497-9407

JP, good news for everybody! With lower interest reates, buyers can feel more confident that now is the time to buy. Happy Halloween!

Oct 31, 2013 09:00 AM
JP Marzano
Movement Mortgage - Chicago, IL
312-608-1555-Specializing in VA, Condos, and more!

Same to you, Ralph...I agree completely. I've noticed that my clients in CA are getting a little more active than they were a few months ago. Hopefully my IL clients will follow suit!

Keep in touch...

JP

Nov 01, 2013 02:14 AM