Already the financial markets are reacting favorably. Mortgage rates, which had been stuck in the mid sixes for conforming loans and mid sevens for jumbos, have taken a tumble. As of late today, rates have dropped almost a full percentage point for conforming loans, and 1/2 percent for jumbo loans! Yippie!

 

For those of you who missed out on the chance for lower rates earlier in the year, you might just get a second bite of the apple!

 

Call us at 415-406-2330 or email me at ed@smithcraine.com if you'd like to discuss what your options are and whether it makes sense to refinance or buy.