Rate Watch of Monday, January 12, 2009

Hey Folks!

Looks like a pretty typical Monday. No major news for any significant changes. If to guess I would say rates would get a little worse just to recover later this week. The one thing the markets don’t show is the price hits that Fannie is putting into effect on April 1st. Most investors price for a 30-day gap from close to sold so we really have to the end of March to save you the most. Now while most purchases will not be effected (except if your buying a condo) we will see major rate hits for refi’s

Thanks for looking and have a great day!
Tony Grego, Regional Sales Director for Amerisave
Your Place for Great Rates!