Tuesday, December 2, 2008

Interest rates are great

I know that this post has nothing to do with my craftin' stuff, but it is important for all to know.

Not sure who's all out there who owns a home with a mortgage on it... but, the interest rates have dropped and they are talking that they will be getting lower here soon. We have been BUSY with new orders lately and I think it's just the start. Talk to your trusted lender ASAP if you are with an interest rate higher than 6% for sure. We had some 30 fixed rate loans yesterday offered at 5.25%. If you are a risk taker, maybe a ARM loan or balloon loan are for you. If you need help deciding the pros or cons to loans, just ask. I've seen them all. At one point or another, I think I may have had them all. This is a buyer's market for sure. If you are renting currently, think about buying a new place soon.

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