The 30 year fixed rate is hovering around 6% as the bond markets opened this morning. Inflationary fears and a less than expected .25% Fed rate cut sent investors back into bonds at the end of last week, preventing higher mortgage rates. We do think rates could dip again within the next two quarters with a long range outlook of 6.5% to 7% by the end of 2008.
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.