Chatting rates and the market with Matt Grant of Rubicon!!!

Red Phoenix Nation!!! Get a load of this information, Matt Grant of Rubicon is chatting rates, rates, rates and what the market will bring this week!

Greetings-

Interest rates have dipped again! With rates this low, and loans programs for refinances that can go to 125% loan to value for a limited time only, now is the time to look at refinancing or adding value to your clients by letting them know about these historically low rates! It is also the time to get those buyers off the fence with rates this low and conventional loans to 97% loan to value.

Mortgage Market Commentary:
There isn't much in the way of key economic data this week. The week is all focused on Thursday evening when the President will speak to a joint session of Congress to lay out his plans to create jobs. In the meantime the economy is continuing to slide; no new jobs created in August rocked the markets last Friday. Likely the President will announce a lot of construction jobs such as bridges and roads since they can be up and running quickly. It will require more spending…how will that go over…

Current Interest Rates:
· 30 Year Fixed 3.990%

· 30 Year Fixed (FHA) 3.750%

· 15 Year Fixed 3.250%

· 5 Year ARM 2.875%

· 7 Year ARM 2.990%

· Call or Email for JUMBO rates

*** The interest rates posted are approximate rates. Interest rates could be higher or lower depending on the loan amount, loan-to-value, credit score, debt ratio, etc.

As always, have a great week and should I be of assistance to you or your clients, don’t hesitate to email or call direct.

Thank You for the Referrals!!!


Matt Grant, MMS
NMLS #324106
Executive Vice President
Rubicon Mortgage Advisors, LLC
7101 York Ave S Suite 385, Edina, MN 55435
P (952) 921-3337 / F (952) 230-7811 / C (763) 370-0418
www.rubiconmortgageadvisors.com