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Mortgage rates are down --- if you're buying, lock in now!

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.

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