30 Year Fixed Under 5%

Conforming mortgage rates for the 30 year fixed are at a 4 year low.  I’m providing live rate quotes on Twitter which you can see without leaving Rain City Guide–just click on the Mortgage Info tab to view.   This will bring on a “refi boom” which means that if you are interested in a mortgage, you should be prepared for the process to take longer and provide your mortgage professional as much information as possible.  There are fewer loan originators in today’s market (which, overall, is a good thing). 

Last words of “wisdom” or advice for those considering taking advantage of these rates is to work with a loan originator who has the ability to renegotiate your rate after locking should rates improve.  You must ask your LO this upfront (before engaging into a transaction) since not all lenders can do this.

I’ll do a follow up post when I have more time…I’m a little busy right now quoting rates and locking loans.  😉

This entry was posted in Mortgage Rates, Mortgage/Lending by Rhonda Porter. Bookmark the permalink.

About Rhonda Porter

Rhonda Porter is an NMLS Licensed Mortgage Originator MLO121324 for homes located in Washington state. Her blog, The Mortgage Porter, is nationally recognized for sharing relevant information to consumers about mortgages. She has been originating mortgages since 2000 at Mortgage Master Service Corporation #40445 Consumer NMLS Website: http://www.nmlsconsumeraccess.org/TuringTestPage.aspx?ReturnUrl=/EntityDetails.aspx/COMPANY/40445 NMLS ID 40445. Equal Housing Opportunity. You can follow Rhonda on @mortgageporter, Facebook and/or Google+