Rates continue to ease:
This week we saw interest rate continuing to ease, with the Prime Conventional Rates now entrenched under 5%. IHA FHA is actually 4.60% (5.10 APR) and conventional rates are 4.75% (5.25 APR) or less!
This week we had 2 fold items that help rates go down:
1st was oil, with oil over $100 a barrell (by the way a barrell of oil is 42 gallons), there is quite a bit of concern that our fragile recover could be dampered by increase costs in oil.
Remember, oil is in alomost everything we use, from the gas in your car to the paint on your walls, to the plastic bottles you Mountain Dew is in.
So, increased oil, will start to affect quite a bit of items.
Next we had some not so good economic news this week:
Trade defecit was higher than expected, not a good sign.
Weekly unemployment 1st time filings were up 26,000, and we are back to 397,000 claims per week.
The goverment sold more of our debt this week, and investors snapped it up. Which means people are not confident in putting their money into stocks and are fleeing back to bonds. Another sign of weekening economy.
100% Financing
Lots of rumors out there that it is hard to get a home loan now, well I am here to tell you that is not the case.
No it is not 2006, where we can do 1 day out of a Bankruptcy with a 580 FICO but...
We can do FHA down to 580 FICO!
And we have a 3.5% 2nd loan for people over 700 FICO for 100% financing.
VA loans are still 100% Financing
RD loans are still 100% Financing
There are GRANTS available, up to $8,000 for low income qualified people!
RACE FOR THE CURE
It is time for Race for the Cure again, the only time of the year I come beggin for money. Please go to my link and come race with us, no we don't race, we do the 5K walk!
http://boise.info-komen.org/site/TR/RacefortheCure/BOI_BoiseAffiliate?px=7755509&pg=personal&fr_id=2030
Any money you can sponsor with will be GREATLY appreciated!
WE ARE MOVING
1st Choice is moving locations, to a bigger and better building!!!! AND more centrally located! Our transition should be seemless, it will happen on 4/1/11 (no this isn't an April Fool's Joke).
I will be sending out lots of info but our new address will be:
3023 E. Copper Point Dr., Ste 101
Meridian, ID 83642
Same Phone Numbers, Same Email adress, same GREAT customer service and low rates!