Hi,
As you all know the economy, Congress, The White House, and Federal Reserve are all in turmoil. Many experts are using the term “nuts” to describe the extra volatile movements in the financial markets. But, the end result is that all the commotion has been positive for you the consumer.
As we speak best mortgage rates out there are still hovering around 4.250% and many lenders are willing to quote a 30 year mortgage at 4.00% or 4.125%.
These rates are at or very near all-time record lows.
Please understand that any comments we find concerning mortgage rates are speculative in nature. No one has a crystal ball and no one can predict the future.
When S&P downgraded the US Debt Rating a whole series of events were set in motion. It seems as though everything went “nuts” but the Secondary Mortgage Market has stayed in the background as a bystander to the craziness.
All this and don’t forget that the fall building season is the busiest of the year. People want to move and be in their new home “before winter.”
Give us a call, we have a few building slots available and can have you in your new home before winter. But, don’t dilly dally. Let us know how we can help.
Dave