Big news in the Interest Rates market! The mortgage backed securities that enable banks to package loans into the secondary market are at an all-time high which means rates are great and getting better.
Only once ever has the 3.50% coupon MBS from Fannie Mae closed this high and it was in the excitement of the “Operation Twist” announcement and introduction about 100 days ago. At that time interest rates plummeted.
Today we are experiencing the same thing with interest rates in a place that allow for cost-free, 30-year fixed loans on purchases and refis with a 3 in front. That’s right APRs sub 4.0%.
See your friendly neighborhood mortgage broker on Monday for the best available rates!
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20+ years background as a CPA in Silicon Valley prior to relocating to the paradise of Bend, OR. I love helping people meet their dreams, and brokers beat their financial goals. Let's talk! -Dave
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