Interest Rates Slightly Drop Again – Great News for Buyers!Wednesday, February 3rd, 2016
Looking for a home? This is the perfect time to shop for a home since interest rates dropped slightly. Contact me for information on properties for sale or go to my website and see what I see everyday in the MLS – current and up to date information on new inventory. I received this message last night from Dominic DeGrazio of Residential Home Funding – wanted to share this information:
“Just wanted to make you aware that the 10 yr Treasury Note has dropped to 1.86 as of market closing today. These are levels that havent been seen for almost a year now. This has resulted in mortgage rates lowering! With the spring market upon us ( hopefully no more blizzards!), it is an opportune time for buyers to start hitting the pavement to take advantage of these low level mortgage rates.
I am available everyday to assist any of your prospective buyers to be pre-approved for their new home purchase. Depending upon the borrowers information and records, I can perform a pre-approval within 10 minutes. Borrowers, such as self employed borrowers, would require more detailed information for me to receive, to properly perform a effective pre approval.
And if you need any flyers to place at your open houses, detailing some loan program information, or current rates, I would gladly put together for you.
Lastly, this also goes for anyone you may know looking to refinance. Now could be the time to look into a lower rate or reducing the current term of the mortgage.”
Dominic DiGrazio | Branch Manager
Residential Home Funding Corp.
60 Route 46 East, 2nd floor | Fairfield, NJ 07004
NMLS # 204838 | Company NMLS # 34973