Loan Rates At All Time Lows!

1245 Blue Gum Lane -- IN ESCROW

With home values bottoming out (and in some cases bouncing back), and with interest rates at or near all time lows, I expect to see increased buyer activity in the coming months.  Add those two facts with our typical high volume season of spring into early summer and we have a recipe for a strong first half of 2012.

Our 30-year fixed conforming loans up to $417K are at 3.625%, and jumbos from $625K-$2M are at 4.125%.  Even better, the 10-year fixed to ARMs are at 3.375% and 3.625% for conforming and jumbos, respectively.

The “conforming jumbo” range from $417K to $625K are coming in at 3.875% for a 30-year fixed loan.

Keep your eyes peeled for more homes coming to market in February and March.  If the right one comes along, there has never been a better interest rate climate.  Maybe the wait is over…

*Note:  Mortgage information provided by Tim Sibley at First Capital Mortgage:  949.874.0374.