Parsons Real Estate Group

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Rates are Great!

Posted by Mike Parsons
February 01, 2008 at 05:46 PM

Interest rates have come down! Third Federal Savings and Loan's website offers their current rates. As of today, 2/1/2008, their 30 year fixed is 5.49% and their 15 year fixed is 4.9%. As you know, mortgage rates change every day. Many believe that rates still may come down more over the next couple months. These are the lowest rates we have seen in the last 50 years. This is a great time to refinance or purchase your new home. If you can think back to the 1980's many of us or our parents were still buying homes when rates were hovering around 15%. Under 6% sounds good to me.

You can view Third Federal's rates at View Rates

Remember these are rates for good credit borrowers with at least 20% down.
If you have less than 20% down payment to work with there are some very competitive programs out there but at a higher rate than the ones displayed.
Other great banks/lenders we have worked with are Dave Zambo at Park National Bank, Antonio Benton at Mid-American Mortgage Solutions, Natalie Moore at National City Bank, and Dave Dikeman at Homestead Mortgage.

Don't hesitate to email or call for any recommendations for using a bank to refinance or purchase a home. We work with many great banks and brokers everyday.

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