Thursday, October 16, 2014

Surprise! Mortgage interest rates are really low.

In defiance of expectations, mortgage interest rates moved down this week.  All the financial experts said they'd be going up and we'd probably hit 5% by the end of the year.  Just shows what experts know, eh?  Right now, rates look like this:
30 year fixed: 20% down = 4.00% with no points
30 year fixed: 10% down = 4.125% with one point

It may be time to pull the trigger on purchasing a home.  BTW, my 11485 Moorpark #17, Studio City is open on Saturday from 2-5 and 629 N. Keystone in Burbank is open on Sunday, 2-5.

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