Rates for August 8, 2011

Posted on: August 9, 2011

We asked John Coneys of Superior Home Mortgage to give us his most current interest rates and what he was seeing in the market:

 

“Rates on Monday the 8th fell to their recent lows at 4.25 and 0 points. Much of the recent decline in rates relates to the economic data, suggesting continual slowdown in the economy. This  also follows a broad stock market selloff over the past week.  Rates on a 15 yr mortgage have fallen to the mid 3’s.

Activity has picked up over the last couple of months – as the summer has worn on, buyers have been excited with their timing of their purchase especially with the rates they are locking in at.”

 

Thanks John!

Posted by Paul Walsh