Mortgage Rates at New Lows
That's right, its time for everyone to dust off their old closing documents and check out the rate on their current mortgage financing. We've just seen fixed mortgage rates move into the 5's and that is the lowest they've been in over two years.
I've been busy talking with many past clients, reviewing new FIXED RATE options, and locking people into these new opportunities.
Those that are fast and decisive will find themselves with the safety of these lower fixed rate mortgages. This is not a time to try to be better than the market and "gaming" where you think the market will go. Heck, I've been at this for over 10 years and I'm not even trying to predict past the next week or two.
When you have lenders going out of business, loan programs changing almost on a daily basis, rates moving up and down off any little news event, and everyone wondering what the next subprime shockwave will hit and who it will hit; you need to act not guess.
Everyone should be doing a quick mortgage review to see if now is the time to act. Shoot me an email at brettg@tidalwavecapital.com if you want guidance from someone who lives and breathes this stuff everyday.
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