4.5% Mortgage Rates are Here
December 17th, 2008 Categories: Fun Stuff
I couldn’t believe my eyes this morning when I looked at the rate sheets. 4.5% for a 30 year fixed had to be a joke. Surely they could not be that low! Ladies and gentlemen, 4.5% is here. Now for the bad news: That rate lasted about an hour and then they climbed back into the low 5’s. Due to the enormous response lenders received this morning, along with the ever volatile market, lenders had no choice but to turn off the flow. They physically could not handle the volume that was being thrown at them. If you refer back to my post a couple of weeks ago, I encouraged everyone to call, create a loan application, pick a target rate, and be ready to proceed when rates dropped. The people that did, took advantage of a 30 year rate that is lower than the refinance boom of 2003. My advice is to call me or email me tomorrow at Signature Lending Group, give me your info and rate that you want, and if we have a small window to grab that rate, we’ll be ready. Please don’t pass up this opportunity to save yourself a lot of money over the life of your loan.
Chuck Walden
President
cwalden@SignatureLendingGroup.net
678-387-5580
