You heard it here first this dip in rates won't last. with the new inflation data. Long term rates(15 yr or 30yr fixed) lose value if inflation rises and I suspect the will react very negatively over the next week.
The other issue is real estate values. The idea that waiting for the rates to come down is the prudent thing to do is actual risky. What good is a 4% interest rate if you don't have the equity to qualify. I want to just get the word out that if you have less than 30% equity then this will affect you
Cape Cod Mortgage
Jim Hoben
Rockland Trust
We are at the lowest rates we have seen in the past two and a half years rate are extraordinarily low and we are now looking a rates in the mid 5's%. While the market may be soft the guidelines stricter we can at least offer great fixed rates. If you have equity and good credit options are available to really save some money See my website for program news
Jim Hoben
Cape Cod Mortgage
Rockland Trust
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