Yea, Good News! The rates have dropped. According to Kevin Bent at www.kevinbent.com, rates are lowered to 6% with approved credit. Yea!!

So how does this impact you? If you are a new buyer this allows you almost $20,000 more buying ability or $60.00-$70.00 a month difference. There is an abundance of inventory to pick from and now you can get an even lower payment on already low priced homes.

If you are a homeowner and have 1st and 2nd mortgage financing, this might be your window to refinance. Contact Kevin at Cherrywood Loans at 719-380-5057 and inquire how these rates will help you.

If you are a seller, this rate drop may increase activity. Of course, the price needs to be sharp on your home and you need to be ready for all showings with this announcement and this should be a good step forward.

In summary, the Federal Reserve and government are listening. We have a long way to go to clean up the excess inventory. Please contact me at www.maecker.com or email me at theteam@maecker.com with any questions.

Thank You,
Brian