Mortgage interest rates dipped last Thursday to their lowest since January of 2005 due to investors rushing back to stocks as the markets priced in an almost assured Fed rate cut on December 11, 2007. The 30 year fixed rate is at around 5.75% but we expect to see that go back up at the beginning of this week as the markets stabilize again. The target price of 6.75%-7% by the end of 2008 still remains.
Today’s home financing requires a mortgage professional able to secure a loan program, terms, and an interest rate that best suit your overall financial strategy and your current financial needs. Your mortgage professional should also account for the current, short-term, and long-term future economic outlook.
The David M. Damare’ Team is committed to securing your financial lifestyle using the latest market monitoring tools and mortgage lending strategies.
Rates available anytime upon request at 919.851.0999.
Thank you for the opportunity to serve you.