Well here are the rates for today. I want to thank Robin Rossi of Summit Financial for the rate sheet. Interesting that rates came down for FHA financing but rose for Conventional. If you have been keeping up with my blogs then you know that the rates have fluctuated slightly both up and down. Now as I said in an earlier blog, the rumor around the feds is that we will see rates climb. If it is supposed to happen then it hasn't happened yet. I am hoping that this is not the case due to the feds wanting to keep the real estate market stimulated. Of course, these rates are at historic lows! When I bought my first house in 1989 the best rate was at 10%. Boy was I happy when I refinanced to 7% a couple of years later. But I digress, great rates with reasonable home prices is a great mixture for buyers. If you haven't thought about jumping in the housing market then I say now is the time. We still have federal tax credits until the end of the month and state tax credits for the remainder of the year. Always the optimist I think it is a great time for Bakersfield Real Estate.
Remember: BE IN THE KNOW!
Carl O
http://www.scribd.com/doc/29819961/Todays-Rates-4-12-10
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