Hello, friends!
The fed concluded it’s direct purchase program of mortgage backed securities on March 31st. To our surprise, rate have held nicely although we are feeling some upward pressure this week. Rates did jump up to the 5.25 level in early April but drifted back down nicely after economic concerns created some losses in the stock market.
As of today, lets consider it a gift and take every opportunity to lock your interest rate with your Loan Officer as soon as possible. If you have not started with a loan officer, call or email me and let’s get the ball rolling on your financing.
Todays Rates:
30yr Fixed- 4.875% 0+1
15yr Fixed- 4.375% 0+0
FHA/VA 30yr- 4.875%
With a few pieces of information, and in a matter of hours, I can discern whether a refi will save you money. Contact me today, so we can grab you one of these low rates before they go up.
Sincerely,
D. Stephen Steakley, Jr.
Austin, Texas Home Loan Expert
512-577-8898 ph
UA website - Austin Texas Home Loans
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