Mortgage rates retreated from their previous lows this past week. However, if you are in an ARM or your 30 year fixed rate is 6.5% or greater and your mortgage professional did not contact you about the possibility of refinancing or lock your loan if you are purchasing a home you need to consider another mortgage professional. We do think rates will continue to fluctuate with a long range outlook for the 30 year fixed rate of 5.75% to 6.25% 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.
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