Thursday, December 18, 2008

Mortgage Rates -- Baby Steps...

Just a month ago our youngest was taking his first steps. A little later than our other kids but hey, we all beat to the rhythm of a different drum, right? He would take those cautious steps with the wide stance that made him waddle back and forth and he'd have that wide-eyed look in his eyes. Very adorable.

The mortgage market is cautiously improving today, taking some cautious steps of its own. If the stock market pushes lower, rates may go lower as well. Here's where we are so far:

4.75% Rate / 4.899% APR

P&I payment: $2,175.27
Loan amount: $417,000
Down payment/equity: 20%
Loan Program: 30 Year Fixed

Rates as of 9:07am on 12/18/08 and are subject to change.

As always -- I'll keep you posted!

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