BLOG: Rate Update: The Federal Reserve is keeping Wall Street's big rally alive - it is going to start buying Treasuries to help open up tight credit markets!!! Rates today dropped significantly. Averages I am seeing based on good credit, credit drives everything these days.... 30 Year Rates... about 4.6 and 15 Year at 4.25 - the new kicker Jumbo $417,000 to $650,000 are now about 4.75% based on 25% down and $650,000 to 1.5 Million about 4.875% based on 30% down. The above are PAR rates and an origination fee will be charged. Many lending institutions are offering no doc / no credit score re-fi's for very little cost - including INVESTORS - I personally locked refinancing several of my investment properties at 4.875% today! That is tremendous!
The $8,000 credit for first time home buyers is spurring activity in the $150,000 price range. If you are a first time home buyer, call my office to setup an appointment and we'll show you some incredible deals to take advantage of!!! WE NEED NEW LISTINGS, ESPECIALLY IN THE $100,000 - $400,000 RANGE, we are quickly selling our inventory in these price ranges due to the hot first time homebuyer market! |
Office Phone (317) 842-4747
Equal Housing Opportunity