Showing posts with label Market Update. Show all posts
Showing posts with label Market Update. Show all posts
Tuesday, February 10, 2009
Market Update
We suspect mortgage rates will be higher Wednesday morning. We locked many loans on Tuesday after the Treasury Secretary spoke and before the Dow tumbled nearly 382 points. Work with us and you will save money on your mortgage. Guaranteed. We cannot predict the future direction of rates however in the short term day to day we can help you benefit by getting the best possible rate at the time.
Wednesday, October 22, 2008
Market Update
The DOW is in the 8700 range today, the 10 year Treasury is at 3.65% and the 30 year mortgage rate available for borrowers with good credit was at 6.125% today. APR 6.28%
A 15 year mortgage rate today was at 5.875%. We have not seen the 15 year mortgage rate dip below 6% for some time. APR 5.99% This is good news.
An FHA mortgage for purchase or refinance was at 6.375% for loan amounts over $100,000 and credit scores over 600. Mortgage rates remain favorable and the upward trend has reversed this week as earnings reports and other news has been released. To apply for a mortgage gather 2 years of financial statements and call 414-416-9194. We offer Wisconsin mortgage loans.
A 15 year mortgage rate today was at 5.875%. We have not seen the 15 year mortgage rate dip below 6% for some time. APR 5.99% This is good news.
An FHA mortgage for purchase or refinance was at 6.375% for loan amounts over $100,000 and credit scores over 600. Mortgage rates remain favorable and the upward trend has reversed this week as earnings reports and other news has been released. To apply for a mortgage gather 2 years of financial statements and call 414-416-9194. We offer Wisconsin mortgage loans.
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