Knightlines Mortgage Services, LLC
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| Blog Name: |
Knightlines Mortgage Services, LLC |
| Url: |
http://www.knightlinesmtg.com/ |
| Language: |
English |
| Topics: |
mortgage, real estate, florida |
| Description: |
Educating consumers about mortgages. Discussing different strategies on how to make a mortgage work for a consumer's goal. Also, a place for Realtors to display listings for free. There will also be posts on local community events. Visit our site and subscribe for posts to be emailed straight to your in box whenever we post a new blog. |
| Popularity: |
38 Followers |
Four Weeks and Counting
Attention potential First-Time Home Buyers!!! You have less than four weeks to close on your new home to get the $8,000 tax credit. Do not rely on an extension with possible additional benefits. Take what you know you can get now. Not what you could or could not get in less than 30 days.
Remember, this month also has Thanksgiving at the end of the month. So figure from Wednesday, November 2
It’s A Mortgage Rates Haunting Post
The 4% rates have come back to haunt us this week. Or is that taunt us? For almost one week, the rates were in the 5% range. However, with a last minute inter-day rate change, an eerie ghost appeared on my rate sheet. I quickly snapped this photo of it before it could vanish in thin air.
When it disappeared, I was left staring in utter shock at what it left behind:
30 Year Fixed:
Interest Rate &
There’s no place like 4%, There’s no place like 4%
It appears as though potential home owners had their house land on the higher rates of 5% and reward them with some red ruby slippers to wish rates back down into the 4% range.
But you better hurry and take advantage of the minor dip back down before you wake up and realize the reality of the 5% range.
Mortgage Rates for October 20, 2009
30 Year Fixed:
Interest Rate – 4.875%
APR – 4.966%
Payment – $793.81
15 Year Fixed:
Interest Rate – 4.375%
APR – 4.530%
Payment – $1,137.93
30 Year Jumbo:
Interest Rate – 5.125%
APR – 5.233%
Payment – $2,
I Don’t Think We’re in the 4’s Anymore, Toto
Over the weekend a major tornado wreaked havoc on the mortgage industry. Analysts are certain of the cause, but while siphoning through the damage, on thing is certain. 4% interest rates have disappeared from this realm of reality.
While we can only hope that these rates find their red ruby slippers sticking out from under some financial institution, we are left to embrace the reality that they are now merely a memory of the past and a dream of the future.
30 Year Fixed:
Interest Rate – 5.125%
APR – 5.278%
Payment – $816.73
15 Year Fixed:
Interest Rate – 4.625%
APR – 4.883%
Payment – $1
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