My New Blog

Since the government DIDN'T buy back the mortgage back securities a couple of weeks ago, things are up a few tics ... around .375% so that means if you have a "conforming loan amount (less than $417,000)" and a loan of at least $300,000 the No Cost Loan is 4.875%.  However if you are currently in the 5's interest rate wise, you would be well advised to refinance right away while we are still able to do "No Point, No Fee" loans.

Conventional wisdom is to get your paperwork in and approved even if you are going to wait for the rates to return to their previous splendors ... that way, when it does come you can lock immediately and get that rate that may have been effective for an hour or two ... great rates are VERY volatile.

Happy Holidays in any case!