Interest Rate Update!

Consumer Sentiment for November came in higher than expected at 89.4, this is the best level since July 2007. Consumer Sentiment is a statistical measurement and economic indicator of the overall health of the economy as perceived by the consumers opinion.
All in all the rates are still low and there is still a window of opportunity for buyers to jump in. Experts are predicting the rates will increase over the upcoming weeks. Let’s not let our buyers miss this opportunity.
Loan Product Rate Annual Percentage Rate (APR)
Conventional 30 Year Fixed* 3.950% 4.164%
Conventional 15 Year Fixed* 3.125% 3.356%
FHA 30 Year Fixed** 3.500% 4.821%
Jumbo 30 Year Fixed*** 3.990% 4.233%
Now is the time to buy before rates go up!