2.10.09 Interest Rate Alert

My team recently locked a $417,000 loan on a clean purchase file at 4.875% with 1 point plus standard closing costs. Best rates are going to folks with stellar credit, solid debt-to-income ratios, and 20% minimum down payment.

While we are still getting files approved when one or more of the these criteria fall outside the box, things get sketchy pretty fast. But if the file is clean, we’re 30 days in escrow, clean as can be.

Looking forward to posting more entries soon, after I get a handle on a welcomed spike of activity.

Meantime, as always, call anytime with any questions.

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