Today's Mortgage Rates!

Posted on October 2, 2009

MBS prices have been on a steady climb lately.  This is a great sign!  We have been experiencing great rates for quite awhile now, but back in  May they spiked a bit in May we haven't approached the lows of the year since.  Today was the closest we have been, but I am sorry to say tjat a reprice for the worse was just released to steal a bit of our thunder heading into the weekend.  Even with this being the case rates in the 4's are definitely possible.  4% rates are for the select few that qualify, but 5-5.25% is available in most scenarios.  Just view Today's Rates on our home page and you can see what is possible.  These rate quotes are always for a given scenario because we simply cannot illustrate the numerous variables that go into every deal.  Evey loan is different.  All rate quotes are also illustrated on a 30 day lock.  Many times 45 day locks are necessary so be sure to clarify your specific situation with your Mortgage Consultant. 

With rates at their current levels, refinance applications are sure to pick up.  You can really save some good money.  This is also great timing for anyone trying to get their loan done prior to November 30th to take advantage of the $8000 First Time Home Buyer Tax Credit!  Talk about a cherry for that sundae!  Not too bad when you get a super low interest rate to go with your $8000!  So visit us today and APPLY to take advantage now!

Brought to you by:

Flat Branch Home Loans, Inc.