Now that I have your attention... we've basically given up the gains we made yesterday and today so the rate I posted yesteday should be current, as of 12/17/08, 12:33pm PST:
4.875% Rate / 5.026% APR
Loan amount: $417,000
Down payment/equity: 20%
Loan Program: 30 Year Fixed
So we're still under 5% but hang on to your hats ladies and gentlemen, it's going to be a bit of a wild ride as the market responds to yesterday's aggressive move by the Fed, profit-taking from the short-term gains, and lenders being forced to raise rates just to stem the tidal-wave of rate lock requests from the incredible rates we've been experiencing!
As always, I'll keep you posted --James
Wednesday, December 17, 2008
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