Monday, September 15, 2008
If you have been holding off to lock in an interest rate on your purchase or re-finance, now may be the time!
In a report released by Freddie Mac last Friday (9/12/2008), 30-year fixed-rate mortgages now average at 5.93%. That is a significant drop from the prior week's average of 6.35%.
Yes, rates could go lower, but we're below 6% again --- which I hadn't thought we'd see for quite a while.
If you have any questions, please e-mail me (scott@cbfunkhouser.com) or call me (540-578-0102). I'd be happy to talk things through with you, or to connect you with a qualified lender.