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 |