Salt Lake Mortgage Rates Fall-Jump on Em !!
Salt Lake Mortgage rates are down today. Good news.
Candy Olson, our friend and trusted Mortgage professional over at Silver Ridge Mortgage sent us an e-mail today with the good news.
Were passing it on. Here's what she said!!!
The market is extremely unstable with the Government take over of FNMA and Freddie Mac. However today, they have dropped to 5.875 for the lst time in a long time. You are aware that it is all based on LTV, credit scores etc. But the rate is available.
Please let me know if you have any questions and if I can be of any service to you or your clients.
Candy Olson
Senior Loan Consultant
Silver Ridge Mortgage
P: 838-9831
C: 244-0187
F: 838-9809
I wrote back and asked if that rate could be locked. This is her reply.
Yes, It can be if I have Names, social security numbers, and property address. It would be helpful if I could pull credit. Even if I lock it, credit scores and LTV’s could alter that quote. Boy I hate today’s little disclaimer clauses..don’t you!
I'm sending this on with the advise that if you are looking to buy a home, it's time to get with a lender that is on top of what's happening.
Call Candy if your ready to talk financing. Call us if your ready to start looking for property.
No one can predict whats going to happen in the housing market, or where it will be 2 years from now, but if I were in the market or thinking of getting in the the home buying mood, and I saw the Salt Lake Mortgage Rates fall I'd jump on em. And I'd ask Candy how high to jump.