Hot news from AZ Home Help:
Posted To: Mortgage Rate Watch
After SEVEN consecutive days of marginal increases, home loan borrowing costs finally stabilized today. This does not necessarily mean that costs are headed lower, it only implies they're "leveling off" as a high-risk event approaches on Friday in the form of the Employment Situation Report. CURRENT MARKET : The "Best Execution" conventional 30-year fixed mortgage rate is still 4.875%. For those looking to permanently buy down their rate to 4.75%, this quote carries higher closing costs. The upfront fee to permanently buy down your rate to 4.75% is not worth it to every applicant, we would generally only advise the permanent floatdown if you plan to keep your new mortgage outstanding for longer than the next 10 years. Ask your loan officer to run a breakeven analysis on any origination points...(
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www.mortgagenewsdaily.com - For more real estate news visit our website at http://www.AzHomeHelp.com
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