Incline Village Real Estate. Mortgage Market Comment. 4/7/2011
Posted by Tim Lampe, written by Steve Peterson.
If you have been looking for the best rates on home financing--or most other financing--you have noticed how difficult of a task this has become. The markets are turning on momentary information, not on long-lasting trends. Interest rates may rise in the morning, fall in the early afternoon, and rise again in the evening.
Fortunately, the movements are generally rather small. Even more fortunately, they take place in the context of very attractive rates. So a minor move up or down doesn't have that much of an effect on your finances.
The main thing to remember, perhaps, is that we are working with very good rates. It isn't always easy, and lenders are still extremely careful with their money, so potential borrowers need the best possible guidance. But this is, indeed, a superb time to seek out workable financing and to make it your own. Rates are very likely to trend higher for the foreseeable future. Get on the train before it leaves the station!
Warm regards,
Steve Peterson
Branch Manager
Sierra Pacific Mortgage
Office: 888-232-7687
Cell: 775-219-7151
Fax: 866-649-3235
NMLS #245017
Company NMLS #1788
Office Address:
Sierra Pacific Mortgage
937 Tahoe Blvd. #220
Incline Village, NV 89451
Mailing Address:
Sierra Pacific Mortgage
5680 Stonehaven Lane
Granite Bay, CA 95746