Mortgage Industry Update and HSO Discount

[fisherdog19]

Well, it's been pretty quiet in our industry, not much going on as far as rate movement is concerned either. Rates have been fluctuating between 4.875-5.125% for about 10 weeks now. The biggest news has been the fact that the feds will not continue their purchasing of mortgage backed securities; this may have an effect on rates but only time will tell.

For you first time or upgrade home buyers, the federal tax credit expires on April 1 with closing to take place before July 1, so time is running out to qualify for this program. If you would like some information on this program to see if you qualify please email me and I'll send you some links and information.

I'd like to offer all HSO members a $300 Lender Credit at closing for all loans $125,000 or greater, and a $150 Credit for loans under $125,000, just mention this post.

We offer Purchase and Refinance loans in 48 states, and have most conventional and governement programs available; there is 100% financing still available. We also offer many of the special refinance programs offered by Fannie Mae and Freddie Mac for those of you in declining markets that would like to take advantage of the lower rates.

As always, please contact me with any questions you may have and I look forward to the prospect of working with any HSO members.