Great mortgage rate information
Good morning,
On the news that Fannie and Freddie will be purchasing mortgage backed securities - mortgage rates fell over .5% this morning putting us 5.5% range on 30 year fixed loans. Traders now have a bit more confidence in the mortgage bond market and as mortgage bonds demand and price go up mortgage rates go down. This is the breakaway that I have been talking about in the past weeks emails.
If you or any of your clients are in a position to refinance please email or call me as soon as possible. Last time we saw this range it was gone in a day so let’s be prepared to lock!
Also, this would be a valuable piece of info to pass on to your clients. We would be honored to assist any clients, family, friends or co-workers that could benefit from these lower interest rates.
Jeremy A. House - Certified Mortgage Planner
480-755-1404 office - 602-435-2149 mobile/direct - JHouse@PrimeLending.com – Email
Prime Lending, A Plains Capital Company
