Last week 30-year mortgage rates dropped below 6 percent. Some brokers say their rates are as low as 5.25 percent. Wells Fargo rates today (12/2/2008): Conventional is 5.375 FHA is 5.75 Contact: lisa.sozio@wellsfargo.com
Rates are down since the Federal Reserve announced that it would buy $500 billion in mortgage-backed securities held by Fannie Mae and Freddie Mac.
Want a bargain on a new home? Your money has more buying power today. Call a mortgage broker today because what goes down will go back up, it's inevitable and this will not last.
It's called a buyers market for a reason! Looking for a home in Philadelphia or Bucks County, PA?
Smart Girls buy now! www.SmartGirlsOwn.com
Hi Stacey!
I actually at 5.25% with NO points on a 30 year fixed!
Fred Glick
U S Loan Mortgage LLC
fred@fredglick.com
215-852-4469
Thanks Fred, good info!