Rates are still great. Lenders are still picky....That would be about it... OK...A little more...Rates have been slowly creeping down the last week or so, mostly due to economic concerns. For a Conforming loan (up to $417,000) under 5% with 1-1.5 points is possible now. High Balance (up to $729,750) is slightly higher and Jumbos are even higher.. Lenders are still tight on approving loans, and if you are a no doc borrower, you can mostly forget about it these days. . Money is out there. You just need to document it and have the right scores. FHA still will go as low as a score of 620, so offers some options. Reverse Mortgages - As of first of the year are up to $625,500. Offering some solutions for the senior community.

Latest mini Podcast concerning current market rates and a little about Junior racquetball....

 

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