Interest Rates for August 12, 2010
By Kathleen Lordbock, Keller Williams Realty Professionals
(Keller Williams Realty Professionals)
And they just keep going down.............. My last VA buyer locked in at 4.25% which was an amazingly low rate, thinking that they could only go up! I am seeing a tightening for lending, with many hopefuls being turned away because they do not meet the higher standards for lending. I do think that this is a good thing overall, although they probably would have bought homes from me now and then somewhere down the road I would be helping them sell their dream home turned into financial nightmare. This way they can work on their credit, actually get a job and stay at it for a while, save up for a down payment ----------and I can rest well at night. That is a good thing!
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