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Mortgage Rates Are Down (But Not Everyone Is Eligible)

Mortgage rates are at their lowest levels since sometime in 2005

Overall, mortgage rates are at their lowest levels since late-2005.

Despite rates falling, however, not everyone can take advantage.

This is because mortgage lenders started to tighten the guidelines of what they will lend and to whom, also beginning in late-2005.

In other words, the chart at right doesn't apply to all homeowners equally.

If you are new in your home, or have refinanced your mortgage within the last 24 months, make a call or send an email your loan officer to ask about today's low-interest-rate environment.

(Source: Bankrate.com)

Posted by Bill Murphy on January 18th, 2008 11:37 AMPost a Comment (0)

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