Holy geez, are they low. And staying there. I'm talking 4.5% for a 30 fixed, no points. I'm even refinancing my parents
house. Let me tell you, It is a tremendously gratifying feeling to be able to
contribute something to the house besides carpet stains from well-timed
high school keggers. EVERYONE should evaluate refinancing their mortgage now even
if you have no equity.
All of the mortgage lenders are
backlogged with files. I've seen in a mortgage company, it's hectic.
Everyone that is still in business has pared back every conceivable
expense to survive the last two years and now their skeleton crews are
trying to catch a swimming pool of applications with a dixie cup. It's
taking about 22 business
days just to get your darn loan approved. Funding is taking 4-5 weeks.
If you want to see what you can do, give me a call or email
and get your tax returns together, a 4.5% rate is in your future. My rule of thumb for easy mortgage qualification
is that every $25,000 of salary will qualify for $100,000 for a loan. Talk to you soon.