Recently the instability of the real estate market has caused interest rates to be kept low. I recently have had quotes of 5.75% apr fixed for 30 years for some of my customers. One of the new programs I am noticing which lenders are pushing is the 2% first year discount and 1% second year rate discounts on your 30 year fixed mortgage. This type of loan will help out borrowers in the first two years keeping your payments down as you build your American dream.

This entry was posted on Saturday, December 30th, 2006 at 4:28 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.