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Rates Have Dropped
December 18th, 2008 6:16 PM

RATES DROPPED AND CAN'T GO MUCH LOWER, SO NOW IS THE TIME

The Government dropped rates to 1/4 percent this week for the federal funds rate. This has an indirect relationship on mortgage rates and was a positive one, bringing rates on our 30 year fixed rate today to 4.875% if your loan balance is 417,000 or less.

Even if you did your loan as recent as 6 months ago, with this historic drop in rates, you may want to grab your mortgage statement and give me a call. It's time we look at your loan and provide a Free mortgage analysis to see how much $$$$$$ we can SAVE you each month and allow you to skip a month's mortgage payment.

If your loan is between If your loan is between 417,000 and 750,000 don’t worry we have a “mini Jumbo” rate that is 5.95% with NO points and NO Origination Fee on a 10/1 arm, 30 year loan. Our “mini jumbo” 30 Year Fixed is 6%, up to 750,000.

IF you loan is MORE THAN 750,000, don’t worry because we have a great programs for our super Jumbo loans. Please call and I will be happy to provide you with a custom analysis and rate quote.

With all our economy has had to go through this past year especially it is very exciting to have some great news to share with you. YOUR LOCAL LENDER , DIRECTORS MORTGAGE Believes in the local real estate market and its clients now more than ever.

I look forward to evaluating whether we can SAVE You some money.

David Pattison
Sr. Loan Officer
Direct: 503-780-7527
dpattison@directorsmortgage.net


Posted by David Pattison on December 18th, 2008 6:16 PMPost a Comment (0)

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