01/08/2024
Happy Monday!
Here is a great article from CNBC on how mortgage rates are declining to share with clients. I am excited for the next three months! Seriously, it is going to be a situation of 'if you’re not first, you’re last!'
Mortgage rate decline pulls buyers back into the housing market (msn.com)
Conventional 30-Year rates are in the mid 6's and Government loans (VA and FHA) are in the mid-to-high 5's. The 15-Year conventional rates are solidly in the 5's. Both are dependent on credit scores... but a huge improvement from late November. Keep in mind, Rand & Associates, Inc. has NO lender fees for origination, processing, underwriting, or other junk fees.
Feel free to call with questions!
The spring housing market may be getting underway a little early this year.