Tuesday, June 23, 2009

Long time

Time to catch up. Big NEWS!

On contract for a house, closing July 31st. Going to set me back about $210K and I've been scrambling to get inspections, mortgages, and lawyers.

Recent economic improvement and then subsequent further news about declines has been wrecking havoc with mortgage rates.

When I started looking, 30-yr mortgage rates were around 5.00% and then started to creep up to 5.6%. In the last week, the rates are starting drop and come down to around 5.4%. Hopefully within 1-2 weeks, I can lock in right around 5.00% again.

That's it for now. Be back tomorrow with some thoughts on the economy.

2 comments:

Les@SpillingBuckets said...

We just closed on a house on the 19th... so exciting!

Congrats on your purchase!

(We also managed to snag super low rates (4.625%), but that was just lucky timing)

Finance Guy said...

Congratulations to you too!

And definite huge props on getting such low rates.