Defying the laws of gravity, mortgage bonds continue to rise, driven by weakness in the job market. Bonds have broken through new levels. Mortgage rates are the best we have ever seen them. How long can this last….who knows. Weakness in the economic reports, low inflation and a stable stock market is great for fixed rate mortgages.
We have had an incredible couple of weeks, locking customers in, at record lows. Every customer may qualify at a slightly different rate depending on many factors; credit score, property type and use, loan program, etc. Call me and I will get you the best possible deal I can. I try and do the majority of loans with no points.
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