Comments from Mickey, mortgage specialist:
Mortgage interest rates experienced improvements in the early part of the week as stock values fell and the Federal Reserve continued its efforts to improve conditions in the mortgage environment. For a brief period late Monday afternoon and early Tuesday we were able to lock 30 year fixed rate mortgages at 5.75% without charging discount points or origination fees. Today's thirty-year fixed rates on conventional loan amounts (<$417K) range from 6% to 6.5%, depending upon loan size and the borrower's creditworthiness.
Given the volatility in the mortgage market, make sure to talk to a specialist to know the real rates. If you have any questions, e-mail me at audrey@audreybutlerhomes.com
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