I was speaking with another agent today who said that she spoke with a national bank loan officer this morning. That loan officer told her that if she had any clients who were debating on a home to purchase, that they should enter into a contract this weekend so they can lock their rate come Monday morning.
The rates are low but volatile. To lock into the current rates, a borrower must be in contract, hence the LO’s alert.
With the showings that a lot of us have been receiving on our listings, I wonder if a lot of contracts will be written Saturday and Sunday.
Don’t have a loan officer yet??? Here’s a couple to call that are great to work with:
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Tony Butler, Equitable Mortgage Corp, 614-764-5071
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June Zepp, Real Living Mortgage, 614-825-8806
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Elaine Reese
614-825-8860Real Living HER
2 responses so far ↓
Thesa Chambers | Broker | John L Scott La Pine // January 31, 2008 at 10:07 pm
Two of my favorite loan officers said the same thing - they generally know what they are talking about - go get um
elainereese // January 31, 2008 at 11:00 pm
I’ve been hearing mid-5’s and a little below for those with good credit, but they’ve been bouncing up to 5.75 to 6.