Rates continue to test historic lows with the 30 year fixed rate remaining in the 5.25%-5.5% this past week. President Bush’s disappointing stimulus package and forcast dismal corporate earnings reports this week bode well for continued low mortgage interest rates. We do think rates will continue to fluctuate with a long range outlook for the 30 year fixed rate of 6.0% to 6.5% in 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.
