Email from Lender on Rates -
I received the following from a Lake lender Premier Bank.
For those waiting for "The Bottom of the Market", with these kind of rates you can save a lot more money than if the market drops another 5 percent. Especially if the rates go up even 1% next year, as is very possible with increased inflation.
***NOW IS THE TIME MORE THAN EVER THIS YEAR***Interest rates are at their lowest point of 2008 right now!!!
Please call all your buyers tell them now is the time to lock we are talking that a 30 year fix could be a low as 5.00% for the qualified buyer and our FHA and USDA Loans are right now as low as 5.50% what a savings for your buyer not to mention the buying power. Borrowers must qualify for the loan programs.
Premier Bank still is offering with all new applications a no cost appraisal for your buyer up to $400.00 with a closed loan with me Michael Lasson at Premier Bank please call me today for a free pre-qualification we do not charge any up front fee's. Your client can apply on line at http://www.yourlakeloan.com/ or we will meet with your buyer anytime this weekend.
Please call me on my cell phone at 573-216-7258 or my direct line which is forwarded to me after normal business hours is 573-746-7211.