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Friday, October 17, 2008
"Do what you can, with what you have, where you are." ~Theodore Roosevelt
30 Year Fixed 6.625
Loan amounts up to $417,000
FHA 6.625
Loan amounts up to $346,250
VA 6.625
Loan amounts up to $417,000
30 Year Fixed Jumbo 6.750
Rate Quotes from The Mortgage Advantage
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The smart guys that devised the bail out plan left out one provision: mortgage interest rates. The mortgage rates have bounced up dramatically and the Suits are standing around with stunned looks on their faces. Dudes, move it and make some changes. The housing market will not recover if the mortgage rates are high. (Hey, I did not even go to Harvard or work at Goldman Sachs for this solution. And I always accept suitcases of cash.
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