June 19, 2010
SOS: Summary on Saturday

Susan with Three Phones
4.500%
30-YEAR
FIXED
CONFORMING
(4.682 APR)

4.750%
30-YEAR
FIXED
JUMBO
(To $562,000)
(4.891% APR)

Contact info
Susan Costello
Mortgage Consultant
Office: 530-272-9177
Cell: 530-559-2506
A NICE DIP IN RATES - ACT NOW!
Susan Head Shot
It just keeps getting better. Rates took a nice dip the latter part of the week as investors are betting that we will continue to experience low inflation and slow employment recovery well into 2011. The Central Bank continues to send the message that it intends to keep the Fed rate at zero for an extended period of time, until the economy is once again on a firm footing.

At some point we're going to be saying goodbye to under 5% mortgage rates as the norm, and buyer's who sit and watch the opportunities in today's market are going to look back on this time and say: "I should have, I could have, I didn't!"

Typically 4.5% has been the bottom, so I'm not looking for rates to fall further, as banks really resist such levels. But think about it, just 7 years ago we were quoting 5.875% and clients were in heaven. And 10 years ago obtaining 8.75% was a coup. So these are amazing times.
PRE-APPROVALS IN MINUTES
Do you have clients coming up this weekend to look at property? Unless they're pre-approved, they probably shouldn't be spending more than a few moments of your time. So send them over to me, I'll work with them to ascertain their scenario and qualification, and then be on-call to you to provide you with a pre-approval letter.

24/7. Susan.
Contact Info
Home Sweet Home Loans
Susan Costello
530-272-9177


Nevada County Properties 18848 State Hwy 20 and 215 Broad Street Nevada City, CA 95959
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