Rates have dropped again!
This is from a lender that I trust, Joycelyn Predovich at Limetree Lending 303-325-3578...
Rates have dropped again! May drop further!
US Treasury pouring more money into Mortgage Backed Securities and possibly pushing rates even lower!
Today’s Rates
30 Year Fixed Rate – 5.00%
15 Year Fixed Rate – 4.875%
FHA 30 Year Fixed Rate – 5.5%
VA 30 Year Fixed Rate – 5.625%
Jumbo 5/1 Arm – 5.25%
Jumbo 30 YEAR Fixed – 5.99%
Important to note: the Federal Reserve meeting on the 16th brings anticipation they will lower the Federal Funds rate (which typically increases mortgage rates).
Advice: this market is super volatile, if you have the opportunity to lock in one of the above rates – DO IT! This opportunity can go away as fast as it came. Rates dropping further is only a speculation at this point. With our company you can relock if rates drop .25% or more after you lock your rate. SO YOU CAN’T LOSE!
Your friend in Real Estate,
Shelli Dore
www.ShelliDore.com