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Nothing but Good News on Interest Rates!
The home buying season is in full gear and rates are in the high 4% range on almost every program. 15 year mortgages are in the lower 4% range! We have not entered the summer with rates this low for 5 years.
It may soon be time to begin raising interest rates as the economic recovery in the United States gathers momentum, despite persistently high unemployment. Three top Federal Reserve officials said on Thursday - "If you’re ready make your move- DO IT!"
The monthly Unemployment Report was released today with the 5th straight month of job gains. The problem was there were few jobs created but on the flip side we are not losing jobs. With a slow recovery and issues in Europe we will likely have low rates for a few more months.
If you are considering a move or refinance, call or e-mail us anytime and we will help you make an informed decision. We have over 50 years of experience to share with you!
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