I know it has been a while since I sent anything, the new rules about newsletters are still confusing but here goes.
Here we go again, more changes from the government. For most of you this will not make a difference so don’t let the news make you nervous. We are still waiting for the details and how it is going to look so right now we don’t have a lot of information. We do know that for purchases if you have less than 20% down you will now have to qualify with the benchmark rate and today it is 4.64%.
There maybe a few of you thinking about refinacing and if you are this is the time. After November 15 it is going to be harder to get a refinance done, so if you are thinking about this at all, give me a call and I can explain further why now vs later.
Rates for now are holding steady but in light of this news they may be going up a bit. If your mortgage rate is above 3% (I don’t think that may of you are) let’s talk and see if we can do something about it.