Mortgage interest rates have rebounded from their lowest levels in the past two years and the 30 year fixed rate is now in the 6.25%-6.5% range. But the Fed has cut short term interest rates by 1.75% this year, the economy is slipping toward recession and the media, as well as some misinformed mortgage companies are advertising the lowest mortgage rates in years on the radio, how can that be? Call us anytime for the answer to this and any of your other finance questions. 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.
Thank you for the opportunity to serve you.