Home Buyers Alert ~ Now is Your Best Time
It's a worthy message, and we'll say it again ... "Now is Your Best Time" ... for home buying.
So get organized for home buying, contact your experienced and professional mortgage loan broker and get pre-qualified.
For a $417k conforming loan, monthly payment at rate of 4.25 percent on a 30-year fixed would be $2,051. When mortgage interest rates move up to 6% as expected, monthly payment would go up and home affordability drop dramatically.
This week's home mortgage rate watch good news from lenders and brokers:
Conforming loans up to $417,000
30 year fixed - 4.25 percent - (one point)
30 year fixed FHA - 4.25 percent (one point)
5/1 ARM - 2.62 percent - (one point)
Expanded conforming loan rates up to $729,000
30 year fixed - 4.375percent - (one point)
30 year fixed FHA - 4.25 percent - (one point)
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If you are a prospective home buyer, get organized and contact your local mortgage broker for information and loan qualification. If you are in Orange County or Southern California, we recommend some good guy mortgage brokers.
Tim Sibley @ First Capital Mortgage, Newport Beach, CA ~ 949-718-1511 ~ www.firstcapitalmtg.com/tsibley/
or
Mike Munzing @ Munzing Mortgage group, San Clemente, CA ~ 949-689-5626 ~ www.MikeMunzing.com
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www.ocpropertynews.com" src="http://activerain.com/image_store/uploads/1/0/2/7/9/ar130945440097201.jpg" height="65" alt="contact a Realtor - www.ocpropertynews.com" style="BORDER-RIGHT: black 3px solid; BORDER-TOP: black 3px solid; FLOAT: left; MARGIN: 2px; BORDER-LEFT: black 3px solid; BORDER-BOTTOM: black 3px solid;" width="254" />Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, GRI - Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs® - also now serving as a director at California Association of REALTORs®.
Best wishes for your U.S. Independence day celebration and Fourth of July weekend.