But what about....
Okay, we have heard all the doom and gloom for months... failing European markets, Wall Street occupation and corruption, and impending meteor strikes... The only thing that seems to change is what will actually be the the next upcoming catastrophe. What can we rely on? Rates are still at all time lows... and now is a GREAT time to buy! They haven't begun giving away cash quite yet, but how much better can it get? These are the rates as of Friday October 14th at 5pm!
Conforming: 740 credit score, 80% LTV, primary or secondary residence, with escrows.
30 yr fx 4% costing 1% origination point
20 yr fx 3.875% costing 1% origination point
15 yr fx 3.375% costing 1% origination point
7/1 ARM 3.125% costing 1% origination point
5/1 ARM 2.75% costing 1% origination point
FHA: 640 + credit score, 96.5% LTV (call of rates with scores below 640)
30 yr fx 4% with 1% origination point
15 yr fx 3.5% with 1% origination point
5/1 ARM 3.625% with 1% origination point
So stop procrastinating! Now IS the time to get buy! Give me a call today and let's go find your dream house!
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