INTEREST RATES: LOWEST IN SEVEN MONTHS!

Great News if you have been waiting for an opportunity to re-finance or purchase a home!

Feel free to contact me if you need a good referral for a mortgage banker.

Also, if you are considering investing in Real Estate, now is a good time to take advantage of lower home prices and rates.

Daily Real Estate News September 19, 2008

30-Year Mortgage Rates Reach 7-Month Low

Freddie Mac reports a decline in the 30-year fixed mortgage rate to 5.78 percent during the week ended Sept. 18 from 5.93 percent the prior week, marking the lowest level in seven months. During the same period, the 15-year mortgage rate dropped to 5.35 percent from 5.54 percent. Meanwhile, interest on five-year adjustable mortgages slipped to 5.67 percent from 5.87 percent; and the one-year ARM slid to 5.03 percent from 5.21 percent.

Source: San Diego Union-Tribune (09/19/08) © Copyright 2008 Information Inc.