Mortgage rates fell below 5.00% again for well qualified borrowers. This comes prior to the unemployment figures that are due out later this week. Watch for a very volatile rate market in the coming weeks, as the Government winds down the mortgage back security program. They started with 1.25 Trillion and they are down to less than 80 billion….when this is gone, rate are going up!
Bill Nickerson
Vice President Mortgage Network, INC
179 Great Road, Acton MA 01720
978.264.4803 (o) 978.273.3227 (c)
Providing Mortgages Since 1991
Commercial Residential Reverse FHA/VA
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