Thursday, May 05, 2011
Low interest rates. It's not supposed to be like this.
Haven't we all been told that interest rates would rise this year? And didn't interest rates tease us a little bit by rising in the late winter? But now they're down again. Buyer clients of mine got an FHA loan for 4.75% with no points on Monday. And jumbo conforming loans -- up to $729k -- can be had at 4.85%. And jumbo-jumbos at 5.5% (with 25% down). Thanks, for once, banks. You're just full of surprises, and this one is delightful for a change.