Mortgage Rates Drop Again!

Click the pic to see this listing!

It's an odd questions, but in today's dropping mortgage rates it a question that is worth asking...  It's incredible but as CNN Money reports 15 yr am's are down to 2.66%.  Remarkably we're even hearing that some of our clients have secured rates of as low as 2.87% on 30 yr money.  (What!?)  Yeah, incredible isn't it.  How much cheaper can it get?  Well, as for an answer - we don't know, but it raises a funny question:

If you're waiting on rates to drop to buy - isn't it about time to go ahead and make a move?

Crazy isn't it...  That's some cheap money... Click here to read the entire article on CNN Money.

To put things in perspective, the above listed house is 729 Euclid.  It is currently listed at $346,000.00.  If you were to purchase it at list price today, and you were able to secure a 2.87% 30 yr am your monthly principal and interest payment would only be $1434.60.

Don't believe me click here to use my favorite online mortgage calculator and you can punch it in yourself.