Thursday, December 16, 2010

Interest rate

First time home buyers get a bit of a jolt this week.

Everybody was hoping for the interst rate to go under 4%.

Suddenly everyone was surprised when the interest climbed from

4.5% to 5% and maybe higher as I post this.

Affected are clients that already have an accepted offer but haven't

locked the rate.

This will translate to higher monthly

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