Decrease In Mortgage Rates

[shirly]

Hi Folks,

Rates on 30-year, fixed-rate mortgages averaged to 6.31 percent from 6.46 % and the rates on 15-year, fixed-rate mortgages, a well-liked choice for refinancing, averaged to 5.97 percent this week, up from 6.15 % last week.

Five-year, adjustable-rate mortgages averaged 6.17 percent, up from 6.32 percent and the rates for One-year, adjustable mortgages were the only category to show a decline, dipping to 5.66 percent from 5.74 percent last week.

Cheers
Samantha
[email protected]

[admin]

With interest rate patterns inching upward the current buyers market and break in interest rates together could very well make this the best opportunity to buy for a long 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 NOW IS THE TIME. Be a  smart shopper and shop for the money first and LOCK IN TODAYS LOWER RATE.  Before you even start to look at homes find out just how much you can afford to spend.   Check out our morgage calculator to evaluate just how much you can spend.    It is good to know that you have the loan ready to fly.  Then  you can enjoy the advantage of shopping like a cash buyer and negotiating the best price for you next home.   To grab this advantage pre-qualify for your mortgage.  Get exact amounts, including down payment and monthly payment quotes and lock in today's rates, before they have a chance to jump up again At this point in history even though there is a slump in home sales there are still thousands of Manufactured Housing Retailers and Private sellers across the country are competing  to sell existing homes to the slim number of buyers that are shopping. Many of these sellers expected to make easy sales due to the recent housing boom, but are now finding that the market has changed and they are lowering prices to meet market conditions. Check out their listings  you might be very surprised at the bargain priced homes waiting for a new owner in your local area. If your NOT thinking about buying this is also a very good time to refinance your home loan BEFORE RATES GO UP AGAIN.  Check out our new REFINANCE CALCULATOR.  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