Was speaking with a friend of mine who’s also a mortgage originator for Wachovia. He had a customer who had 1 day prior been approved for a 30 year fixed rate loan @ 6.25% (give or take) and then after the Fannie/Freddie bail-out this same customer’s rate dropped over 3/8 of a point.
Currently, this is really good news for those buyers utilizing conventional financing. I’m sure those buyers using FHA/VA financing will now have to give Conventional a thought before signing on the dotted line…
See the article here
Filed under: buyers, jacksonville real estate, mortgage, real estate market
