I had lunch with a Real Estate Broker today in full discussion on the lowering interest rates. During his 30 years in this industry, he has never been apart of mortgage rates at 4.5%, until today! These falling rates are incredible for buyers and sellers to take full advantage of. Our local Cincinnati Market place is still seeing a high inventory, combined with rates this low, you may never get a chance to buy so much more for so much less! See today’s rates below:
HAPPY THURSDAY!!!!
Freddie Mac said Thursday that almost all mortgage rates fell to record lows
with the 30-year fixed-rate mortgage at 4.69% with an average 0.7 point for
the week ending June 24. UNION SAVINGS BANK IS AT 4.75% w/0 PTS ON A 30 YR
TERM / 4.50% FOR 20 YRS / 4.25% FOR 15 YRS!!! In the previous period, the
average was 4.75%, and the year-ago average was 5.42%. “Mortgage rates for
all but traditional 1-year ARMs hit all-time record lows this week in our
survey while activity in housing market slowed in May following the
expiration of the homebuyer tax credit,” said Frank Nothaft, Freddie Mac
chief economist, in a statement. “Both new and existing home sales showed
unexpected declines in May. Existing sales fell 2.2%, compared to the market
consensus forecast of a 6% gain, based on figures published by the National
Association of Realtors. Sales of new homes fell 32.7% to an annualized rate
of 300,000 units, which was the largest monthly drop and slowest pace since
records began in 1963, according to the Census Bureau.”
DON’T FORGET … OUR CLOSING COSTS ARE AS LOW AS $500 (PURCHASES) & $250
(REFINANCES)
“More Than You Ever Expected from your Loan Officer!”
Kathy Lamb
KL business photo 2009 small
Union Savings Bank
