Rates Are Going Up!!!

A lot of buyers decided to hold off on buying a home hoping that the market would keep crashing and prices would continue to go down assuming they could get a better deal then the deal already in play. Well prices remain the same BUT rates are increasing significantly, enough to make a diffrence. Just a couple of weeks ago i was quoting high 4's low 5's now check them out. So maybe we should stop waiting and move forth before rates keep going up. Unfortunately whatever rates were quoted a few weeks ago but haven't been locked are no longer valid and there is nothing anyone can do about that.

Daily Rates

Conventional 30 Yr. Fixed Rate: 5.500%*

FHA 30 Yr. Fixed Rate: 6.00%**

USDA (100%) 30 Yr. Fixed Rate: 6.00%***

*Based on a 150K sale price and 10% down with an APR of  6.144%

**Based on a 150K sale price and 3.5% down and an APR of 6.860%

***Based on a 150K sale price and 153K loan amount with an APR of 6.422%