Patti Shawgo - Loan Officer, Grant Program Guru

Historically, 30 year fixed rates are lower than they've ever been, take a look at these charts (scroll to the bottom for a long term view): http://mortgage-x.com/trends.htm That's not to say they couldn't go lower, as these are definitely historic times, but there is a lot of market resistance when yields get so low.

Yes, a new appraisal would have to be done, but in these types of situations, you can likely get a credit to pay for it. A December 18th close date is definitely doable. Feel free to email me with any other specific questions (by clicking on my name). - Mon Dec 1 2008, 18:48