What are mortgage rates doing today?

From one of my many sources, here is one of the latest forecasts on what mortgage rates will do: Forecasts were calling for a 0.4% decline in income and a 0.9% drop in spending. In other words, income didn't drop as much as expected, but spending was slower than forecasted. These readings, along with downward revisions to November's results have prevented this report form influencing this morning's mortgage pricing.

What does this really mean? It's very simple, at least it is if you are in my line of work. Mortgage rates are at an all time low! That means, if you have an interest rate in the 6's and would really like one in the 5's or even 4's, NOW is the time to secure that rate.

As everyone knows, mortgage rates like to live in the 6% range. I know it's only a matter of time before the rates go back up. It could be 3 months or it could be 1 month. Either way, if you are thinking about lowering your monthly payment, feel free to give me a call. I will review your financial situation, research the best loan products available for you and present several different options and let you decide what you would like to do.

Envoy Mortgage is endorsed by Fannie Mea and FHA. That means you are assured to receive the best interest rates possible. Feel free to call or email me today.

My contact information is: Dennis Noonan

Phone: 360-600-5580 Email: dnoonan@envoymtg.com