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August 10, 2011

RATES HELD ON TODAY! STILL LOW!!

by billthemortgageguy

Today the Bond markets ended the same way the started!  GREAT! SO, hopefully we will still have the same rates as today.  NOW is the time if you are wanting to secure a low rate.    The only draw back is that this will push underwriting times out longer, so the more you wait to lock in, the longer you will have to wait to save..  If you are wanting capture a rate think of it as “first come first serve” in this environment.  Once you lock the hour-glass turns over and you have to move quickly, supplying all of the documentation and get things to the lender promptly.   It’s not like any other market. This one will be fast and could cost you money if you don’t move fast.  Feel free to call me with questions. 630-330-5626 Bill

Have a great night!!

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