Increase in Mortgage Rates

[elina]

Hi Folks,

Rise in mortgage rates is continued, 30 year fixed - Rate mortgage increased by .03% and ended up at 6.32% on an average. 5/1 ARM increased by 0.06% and ended up at 6.14% so folks choose loans before further rise.


Cheers
Rob Thomos
[email protected]

[admin]

With interest rates inching upward and the expectation of the Fed raising rates on the next round  the current buyers market may be the best opportunity to buy for a long stretch of time.  . Home prices and monthly payments  may never be lower again in our lifetime than they are at this very moment. If you have plans to buy a home dont miss this window of opportunity!Smart shoppers shop for the money first.  Before you even start to look at homes find out just how much you can afford to spend.   If you know that you have the loan ready to fly you can enjoy the advantage of shopping like a cash buyer and negotiating the best price for you next home.   To take this advantqge pre-qualify for your mortgage.  Get exact amounts, including down payment and monthly payment quotes and lock in today's low rates If your NOT thinking about buying this is also a very good time to refinance your home loan BEFORE RATES GO UP AGAIN.  If You Have a High Interest Rate or a Variable Rate Mortgage stop the bleeding now, because it looks like its only going to get worse.  As rates continue to rise so do your monthly payments. If you would like to refinance at today's fixed rate and save thousands over the term of your mortgage apply as soon as you can