Wednesday, August 10, 2011

Orange County Home Buyers Alert ~ Now is Your Best Time to Get Going

HOME LOAN RATES ARE FANTASTIC 

The average rate on a 15-year fixed mortgage loan has fallen to its lowest level in decades.

Freddie Mac said the rate for the refinancing option dropped to 3.54 percent from 3.66 percent, which is the lowest average rate since it (the mortgage buyer) began tracking that twenty years ago. CONTACT YOUR MORTGAGE BROKER

The average mortgage rate on the 30-year fixed loan fell to a yearly low of 4.39 percent. 

Mortgage rates tend to track the yield on the 10-year Treasury note.  A weakening U.S. economy has led some investors to shift money from stocks to bonds, which some people say are safer.  That's pushed the yield on Treasurys to a yearly low.

Source of some information here is the Associated Press, August 4, 2011.

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If you are a prospective home buyer, get organized now and contact your local mortgage broker for loan qualification. 
If you are in Orange County CA, I recommend these mortgage smart guys:

Tim Sibley @ First Capital Mortgage, Newport Beach, CA ~ 949-718-1511 ~ www.firstcapitalmtg.com/tsibley/

Mike Munzing @ Munzing Mortgage group, San Clemente, CA ~ 949-689-5626 ~ www.MikeMunzing.com

If you are in New Jersey, I recommend Jeff Belonger ~ www.fhaloansfhamortgages.com

Posted via email from Explore OC Homes

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