Weekly Mortgage Rate Update | 12/12/08

Interest rates are incredible right now!  This week marked the 6th consecutive week of decline.  There's been a surge of refinances as people seek the security of low fixed rates.  Please contact your lender with questions or you can find lender's I recommend here.

If you're thinking about purchasing, especially if you are looking at short sale and bank-owned real estate, make sure you get pre-qualified asap.  When we make an offer on one of these properties, a pre-qualification letter has to be included with the offer.  If you see the perfect deal, you want to be ready.