Home Buyers Alert ~ Now is Your Best Time

 

Home buyers have heard it before that "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.

 With big government money pushed into the financial markets during the past two years, pressure is on the FED to control inflation. 

 

Mortgage loan rates are poised to go up from their historic low levels. 

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®.

            

Contact us with your questions about short sales, listing and selling of homes and properties @ Orange County, California, real estate.  

Best wishes for your U.S. Independence day celebration and Fourth of July weekend.

Posted via email from Explore OC Homes