Mortgage Interest Rates Still Low

Mortgage interest rates are still at an all time low – below 5% for a 30 year fixed rate mortgage. News from the desk of Edward Lepore of Wells Fargo Home Mortgage Division, ….the National Association of Realtors stated that one of the effects of the economic downturn has been the growing share of first time homebuyers entering the market place. In 2009, the number of first time homebuyers increased to 47 percent of all home sales, which was the highest percentage on record since 1981!!

Mortgage rates are approximately*:
30 year fixed – 4.25%
15 year fixed – 3.625%
05 year ARM – 3.125%
07 year ARM – 3.375%
*rates change daily

Edward Lepore has been working for the past 30 years to help ordinary people achieve the “american dream of home ownership”. Contact Ed for complete details of today’s mortgage rates and qualification criteria.

Tel (732) 933-5652 | Cell 732-500-6764 | Fax 866-493-8593

EDWARD.LEPORE@wellsfargo.com

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