Decrease in 30-year mortgage rates

By
Home Builder with Steiner Homes, Ltd.

The rates on 30-year mortgages fell dramatically again last week.  They were at the lowest level in the past seven months, primarily due to the government's takeover of the mortgage giants Freddie Mac and Fannie Mae.  At the end of last week, Freddie Mac reported in their nationwide survey that fixed-rate mortgages declined to 5.78 percent.  This was the fifth consecutive weekly decline, and the lowest level since February 14, 2008.

Depending on the financial institution that you are working with, there are various "windows of opportunities" to take advantage of these strong rates.  On a daily basis, these rates can fluctuate, but with careful consideration and maybe a little luck, you can capitalize on a favorable circumstance.   

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Rainer
261,579
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here.  It is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Sep 24, 2008 11:37 AM #1
Rainer
129,004
Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

David,

Welcome to Active Rain! Congratulations on your first blog.  Check out my daily update for a quick summary of what's moving Markets, and Interest Rates.  You'll find this is a great site for sharing ideas, networking, and growing your business.  If you ever have a question about VA loans, or FHA loans I'd be happy to help!

Ron Brown

VA Loan & FHA Loan Specialist

First Mortgage Company of Washington

Puyallup, WA

Sep 24, 2008 02:27 PM #2
Rainer
42,249
Ron Martin
Keller Williams Realty - Spartanburg, SC
Ron Martin Team

Good morning & welcome to Active Rain, You have joined an excellent site to receive free marketing, absorb more information from others, share ideas.  Be a blogger and have fun. If you have any clients moving to the Greenville, Spartanburg, & Anderson South Carolina area we are your team. We are on all three MLS. Great blog!  Keep it up. Again Welcome!!

Sep 24, 2008 11:29 PM #3
Rainer
141,926
Lorena Westervelt
Van West Realty - Greenville, SC
Co-Founder/Co-Owner

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

Sep 25, 2008 12:10 AM #4
Rainmaker
111,723
Steve Dalton
219-465-8352 - Valparaiso, IN
Northwest Indiana Home Builder

I can't believe I missed your first post last month, so sorry.  Great idea to start posting on AR. 

Some ideas:

  1. Make sure you leave a link to your website every time you post
  2. When you do that link, do it with searchable text (ie. NW Indiana Home Builder) and then hyperlink your web address.  You really don't care if they know your web address, you really do care to get more leads from people searching NW Indiana Home Builder
  3. Read the posts by the other 15-20 active AR Realtors here, they are real loyal and are kinda hoping for a home builder to replace my old firm as their go to builder from the network
  4. Call me (Dan has my number) and we can do lunch for more ideas
  5. Give me a shot at one of your loans for a customer, I'm trying to get back in the game :-)

Northwest Indiana Mortgage

Oct 07, 2008 08:49 AM #5
Ambassador
2,463,543
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

    Much has changed since your last visit to ActiveRain.  I encourage you to take another look at the website. 

    Surf some blogs, leave some comments. 

     Post a Blog!

              Best to you!

Apr 30, 2016 12:29 PM #6
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Rainer
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David Gring

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