30 Year Fixed Rate Mortgages are still below 5.0% - Bellingham Homes For Sale

GOOD NEWS - 30 Year Fixed Rate Mortgages are still below 5.0% and today's 2 Year Auction is going extremely well meaning we might see the rates dip a bit lower.

MORE GOOD NEWS - Fast Closings for Mortgages - With the rates as low as they are and the 1st time Homebuyer Tax Credit deadline the end of November, the number of mortgage loans in process is high. In the field in it common for refinance mortgages to take a minium of 45-60 days to close and I've heard of loans that started 5 months ago that still are in process and not closed! As for purchase mortgages, they too are experiencing longer processing times. Especially FHA.

This information courtesy of: Pennie Talbot-Whitish Mortgage Loan Officer Horizon Bank, Cornwall Office 1500 Cornwall Ave. Bellingham, WA 98225 360.756.2540 360.224.6558 Cell phone 360.733.1872 Fax number pennie.whitish@horizonbank.com www.horizonbankmortgage.com/PennieWhitish

Chris Farkas

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