Wednesday, June 10, 2009

The mortgage back securities market has been causing interest rates to be bouncing all over this week! We went for a 30 Year Fixed rate of 4.75% last week, to 5.75% this week. They will continue to fluctuate, but it is creating a sense of urgency among buyers that now it the time to buy! If you are looking to upgrade or buy an investment property, now is the time while rates are still at historic lows! Don't let this opportunity pass you buy, especially if you are first time home buyer! They will also be changing credit restrictions for approval in July, so now is the time!

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