Posts Tagged ‘Mortgage Loans’
Keep Your Lifestyle: How To Make Your House Pay YOU
Real Estate Mortgage Shoppe 1-21-12Real Estate and Mortgage Industry Updates 1-20-12
Our topic today is “Keep Your Lifestyle: How To Make Your House Pay YOU!”
Here are the industry updates taken from the radio show scripts.
Below is the link to the full podcast of the 1-21-12 radio show:
http://www.600wrec.com/cc-common/podcast/single_page.html?more_page=1&podcast=jogarner&selected_podcast=Jo_and_Ken_Bolie_Aaron_McD
There is so much in real estate and mortgage news this week….what do we talk about? What do we leave out?
Okay, well since we’ve had numerous calls about the mortgage rates, why don’t we start there? We saw a weakening market this week which caused rates to bump up just a hair but they are still at neutral buoyancy around 3.875% to 4.25% for the fixed rate 30 yr and 3.125% to 3.5% fixed for the 15 year. The 5-1 ARM is a great deal for a few folks in the low 3’s .
Word to the Wise: If the rate and terms you are being quoted today give you something to brag about, lock it to today. Better to commit on a low rate today and have some bragging rights and be a little disappointed when the rates go lower, than to NOT lock the rate and be angry & frustrated when the rates jump higher. Read the rest of this entry »
