Interest rates have dropped dramatically in the last 10 days. Some of the highlights as I see them are: 30 year fixed confirming at 5 %; 5 year Jumbo ARM at 5 %;I even have one local guy who can get up to $1mil loan with a 70% loan to value (that means you have to put down 30%) 5 year ARM at 5% today! This will make housing at every price range MUCH more affordable to everyone! Mortgage Broker information is available on my website at www.staceymatthews.com Even if you are not buying a house, this is a great time to refinance.
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