Weekly Mortgage Update

Not a real intense update this week, but rates are still good. They are definitely rising from there all time lows though.

There is still 10.8 Million left of the State Bond Money with a rate of 4.75% and 3.5% down payment assistance, so now that the rate is equal to the standard market rate on a regular FHA insured loan I believe this money will start going quickly.  Keep in mind that this program is scheduled to expire on the 4th of February, so if you are interested in participating you need to get pre qualified asap.
Ted Clay
Sr. Loan Officer
NMLSR # 217991
OK License # MLO01963

Office: 405-341-8644
Cell: 405-826-1320
e-Fax: 1-866-208-5309



Leave a Comment