The END of Ridiculously Low Rates?

Mortgage Rates Begin To Move Higher

Stronger than expected economic data pushed mortgage rates a bit higher again this week. Following a string of weekly drops since the middle of June, mortgage rates have now risen for two straight weeks.

Over the summer, mortgage rates have fallen substantially. Weaker than expected economic reports and the debt crisis in smaller European countries caused investors to reduce their forecasts for economic growth and produced a flight to the relative safety of government guaranteed bonds, resulting in the lowest mortgage rates in decades. Now, however, some investors are asking whether they can fall further. Weaker than average economic growth, low inflation, and an "unusually uncertain" economic outlook still make the current environment supportive of low mortgage rates, but some investors feel that these factors have been fully "priced in." These investors feel that economic growth must falter significantly for mortgage rates to drop much from here.

Until you "lock" your interest rate, it continues to float with market conditions and in this case it's floating up, up, up.  To lock your rate you must have a purchase contract on a specific property and communicate your wishes to secure today's rates.  My best advice for anyone home-buyer on the prowl for a mortgage or home-owner in the market for a refinance . . . lock in your great interest rate immediately!  That was free advice right there . . . who says nothing in life is free?  Yip, you're welcome, that advice may have saved you thousands and that's what I'm here for my friends!

Will Griffin - Client

"We never imagined that we would have such a wonderful experience buying a home.  You eased our concerns, kept us informed beyond expectations, and followed up with all of the loose ends.  This eliminated any surprises during closing, and allowed us to walk in to Sierra Title and just enjoy the moment!  We didn't have any worries about what was about to happen.  You truly gave us a 5 star experience!
I don't want any one to miss out on the pleasure of working with you.  I want all of my friends and co-workers to enjoy the homebuying process the same way we did, which wouldn't have happened without you.  You are truly a leader in your industry!"



2009 Property Tax Bills are out - Need Help?

Many homeowners’s choose to pay their property taxes annually and avoid the monthly escrows.  Why would someone do this?  Well, there are two reasons:  1) You control your own money instead of the mortgage company and 2) Your monthly payment is lower (principle and interest only).  But now the property tax bills are out and those homeowner’s have thousands

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