I received several emails from clients wanting confirmation that the national mortgage rates are now below 6% for a 30 year fixed. Several called insisting that I lock them in today! Again, that is a rumor.  Rates are close to 6%, but you will have to try hard and (maybe) know someone to get below that.

 

Surely, you cannot believe everything you hear in the news lately. Things such as the FNMA bailout will cure the blood ridden real estate market, Sarah Palin eats moose burgers made fresh from the kill and oil will be $85/barrel and help reduce your gas prices this winter. I am sure we all want to believe those things, but take it with a grain of salt.

 

Incidentally, rates went up this afternoon. I guess the Lehman Brothers thing might have put a damper on the good times. Dale Robyn Siegel