CHECK OUT THESE RATES!
Rates ended the week finally back in the 4’s. The 30 year fixed closed the week at 4.500% with 2 points and 4.875% with 0 points. The last few times that the rates have been this low it did not last too long, so with the extension and expansion of the Tax Credit and the rates, now is the time to act.
Next week the rates will be influenced with many high impact reports, including Retail Sales and a look at inflation with the Producer Price Index and Consumer Price Index. Their results will help determine if we can hold onto these rates.
~submitted by Kevin Luddy, President, Constitution Mortgage, http://www.ctmortgage.com/