4.25% 30 yr zero points!

Rates took another dip today. 4.25% 30 yr fixed is available with zero points for FHA. 4.375% fixed for conforming and 4.375% FHA JUMBO! We have never seen rates like this.

Mortgage Rates 7/28

After a much needed and much too short vacation, I am back. I would recap what happened in the markets over the past 2 days, but that would involve me reading about the markets, which I did not do while I was gone. I can say that things seem to be very much where I left them on Friday. we are working in a range with rates around 4.25% with less than 1 point and 4.5% with zero points, 4.375% fixed is available with zero points for the very besr borrowers. I'm about to update rates now, expect little change.

Mortgage Rates 7/23

Rates are virtually unchanged today. I am still seeing 3.875% 30 yr fixed on the board. I will be headed to Rehoboth tomorrow for a little r&r with the fam. Not sure if I will be able to update rates on Monday and Tuesday. Call my cell with questions 301. 275 7596. Enjoy the HOT weekend. Rates are updated on my mortgage rate grid.

Mortgage Rates 7/22 3.875% fixed is on the board!

Mortgage Rates at all time lows 7/22/10

3.875% 30 yr  fixed is probably a bit too expensive to consider. I wanted to put it there because I have never seen it before. Overall, rates are as strong today as they have ever been! No closing cost streamlines are being done as low as 4.5%, Jumbo mortgages are at 4.5% , conforming are being done @ 4.25%. I have never seen anything like this. If you are someone that has little to no equity, you need to contact me to find out if you are eligible for a HARP loan up to 110% of your homes value with no mortgage insurance  at 4.5% fixed! Rates are updated on my mortgage rate chart.

No Closing Cost FHA streamlines as low as 4.5%!

Rates have continued the go lower! I'm working on my rate sheet now, what stuck out at me was that I can offer FHA streamlines to borrowers with 720+ credit and loan amounts greater than $300,000 with little or no closing costs at 4.5% for loans locked for 30 days!

Rates IMPROVE mid day

Prices for Fixed rate mortgages improved by .25% , Which means that NO CLOSING COST streamline refinances are now attainable at 4.5%! Call or email for a rate quote!

Mortgage Rates 7/21/10 FHA VA Fannie Mae

Rates have been updated on my mortgage rate chart for today. We continue to stay within the range that I have previously discussed. I am starting to see 4% 30 yr fixed show up on rate sheets, while the price to receive that rate is a bit prohibitive, it is an encouraging sign to see it available. As has bee the case for the better part of July, 4.5% is the going zero point rate for upper crust borrowers. As the market shows it's hand, I am becoming much more optimistic that rates will hold long term (long term is 45 days in mortgage speak).  I try to use this space to be more informative than "in your face sales person", but everyone once and a while, I have to say "What are you waiting for, call me!" Have your friends call me, relatives, neighbors! DO IT!

4% 30 yr fixed is on the board

For the first time ever, I am seeing 4% 30 yr fixed on rate sheets. It is not cheap; as it cost close to 2 discount points, but it is attainable. 4.25% fixed can easily be had today with about 1 discount point paid upfront and 4.5% is available for top end borrowers with zero points upfront. Have some credit issues? Check out FHA mortgage rates, the credit restrictions are not as tight and you can get 4.5% fixed with a score of 660 or greater and a loan to value up to 96.5% for an FHA purchase.

Mortgage Rates 7/16/10

Glad we all survived the great Germantown earthquake of 2010.  Rates opened strong again, 4.25% fixed is clearly in play today for top shelf borrowers. FHA mortgages seem to be the most aggressivly priced for both conforming loan amounts and FHA jumbos. Both products can be had for 4.5% with zero points today! That's right JUMBO mortgages at 4.5% with zero points! It's a great day to lock in your rate; Have a great weekend!

Mortgage Rate Forecast 7/15

Rates look to remain at or near all time lows upon opening today. Check out Adam Quinones @ Mortgage News Daily for a detailed explanation as to why.  The basic reasons are this:

• Prices are showing declines in food and energy categories. (This is the opposite of inflation, which we all fear
• Business conditions in New York are weakening, since New York is the only state in the country that matters (if you ask anyone from New York) this is important
• Jobless claims did beat expectations, but this was seasonally adjusted and offset by the previous two points

Long term, with no worries of inflation on the horizon and the economy showing signs of the dreaded double dip, we do have a chance to make a run at the illusive 4% fixed mortgage rate that so many have been waiting for. The question is, do you wait for a ship that may never come in, when you already have the boat you need sitting at the dock? This is a personal decision, but I always go for instant reward and avoid risk at all cost.  Rates will be updated on my mortgage rate chart by noon today.