Rates Are Still Low
Mortgage rates have continued to remain low during the last few weeks amid the financial turmoil of the economy. How long rates will remain at these historical lows is yet to be determined. No one knows how much longer rates can or will remain at these all-time lows. Now would be the perfect time to get a loan rate for your new home locked in for 60 days.
One thing that analysts can agree on is that these rates will not be around for ever. So if you are thinking about purchasing that dream home, or that first home, talk to a loan officer today to find out how to lock in your low rate today.
With the stock market on the rise today, it is certain that the rates for a home loan will follow suit and rise tomorrow.