Rates Under 5% are around for another day!!!

With the rally yesterday many of us in the mortgage business expected that there would be a pull back in the Mortgage Bonds and we would see slightly higher rates today. Good for everyone we were wrong. Rates are holding strong and currently the best rate for the best loans are slightly under 5% (30 year fixed). If you do not have your loan application in with your lender yet, call them right now and get your loan pre approved and be ready to lock. I don't expect this window of under 5% to be around forever so you must take advantage of this right now. Remember lenders will not lock in your rate until you are pre approved.