Rates Fall AGAIN; CALL ME!

Hola! Today mortgage rates have fallen once again and now is the time to buy (call me). The rates crashed on economic signs that inflation isn't a risk as first thought according to the Wall Street Journal Thursday morning.

The 30-year fixed-rate mortgage (FRM) averaged 6.24 percent for the week ending Nov. 16, down from 6.33 percent, according to Freddie Mac's (Charts) Primary Mortgage Market Survey.

The 15-year FRM averaged 5.94 percent this week, down from 6.04 percent last week. A year ago, it averaged 5.90 percent.

Rates for five-year adjustable-rate mortgages (ARMs) came in at 6.08 percent this week, up from 6.05 percent last week. A year ago, they averaged 5.81 percent.

One-year ARMs averaged 5.55 percent, up from 5.53 percent last week. A year ago, the one-year ARM averaged 5.12 percent.

What does this mumble jumble mean? Well, for those of you not in the Real Estate Biz, it means BUY NOW! The market has slowed, and holiday's are upon us. Historically, prices have always been lower in the Winter anyway, but even lower since the market dump. Add lower interest rates and you have yourself a great deal.

If you have been thinking about purchasing, DO NOT WAIT. Call me today to create wealth in under 3 months, guaranteed! Lot's of great properties are available today, as long as you don't wait.

Regards,
Jerome