Mortgage Rates Drop

Mortgage Rates dropped Thursday afternoon as the DOW tumbled. If you are thinking of refinancing your current mortgage or purchasing a new home now may be your opportunity.

What is a Locked Loan?

In the mortgage world a lock is a commitment to deliver a mortgage to the investor in a certain time frame at a certain rate. Purchases and refinances closing in the next 30-60 days when locked afford the customer protection against rising rates. Monday rates spiked upward quickly -they almost always rise faster than they fall- after reports that new home sales increased more than 8% in February. Buyers and consumers refinancing are protected against rising rates as long as they can close in the allotted time. Some lenders may play the float game. We don't recommend it. In this climate it is better to be locked on a rate than hope there will be a down tick where you can capitalize. Always work with an experienced professional. By the time you see it in the paper or hear it on the news it's too late. The smart money has locked.

Why Pay 5%?

Why pay 5% on a mortgage when you can pay 3.875%? The larger your loan amount the greater your savings. Ask about the 3.875% mortgage.

APR 3.90%

Mortgage Rates Ride Roller Coaster

It goes up. It goes down. Almost makes you sick to your stomach. Hang on. It's a wild ride. Mortgage rates re-priced three times Wednesday We haven't seen three price adjustments in one day (all up) in a long time. Speak with a mortgage professional. These times are unprecendeted.

Homes Are Selling Fast

A sea of home buyers surfs as a perfect storm of tax credits, low rates, fair prices and large inventory intersect to create a rising tide of purchases in the Greater Milwaukee area.

Buyers who have owned previously and rented recently are dipping their toes in the water as are never-evers and families stepping up and down into new digs.

The tidal wave of buyers may crash at April's end as the tax credits roll out to sea, never to be seen again. Don't miss the boat. Get pre-approved.

First Step: Increase your negotiating power: apply for a free pre-approval. You want to be armed with a strong pre-approval letter and strong financing - visit
wfhm.com/peter-cannon and you will find smooth sailing, not stormy seas. Then contact an experienced Realtor.

414-224-4732

Money Give Away

We're giving away money. Lately it's been at about 5%. You have to pay it back. It make take 30 years, but it's a pretty good deal. Let me know if you are interested. We will show you how.