Mortgage Discussion for the Panhandle area

Interest rates go up and they go down all the time. What is really surprising is rates are again at historic lows and no one seems to realize it. With all the news covering Bin Laden, Obama, the 2012 election, gas prices and the latest American Idol flub interest rates are a lost news item. I wish I could go out and shout it to every driver passing my office on Gulf Breeze Parkway, but then again I like my freedom and I am sure I would get arrested for something if I tried it.

Interest rates are very low today. I was checking pricing before writing this and for a FHA loan 4.25% for a 30 year fixed will get someone a home. That is incredible and you should make sure everyone knows it. With rates that low, some good deals on investment properties should be considered as well.

Our minimum credit scores have decreased as well. a 600 middle credit score will get you these awesome rates. Some minor conditions apply like no major lates in the last 12 months but that is still great news.

USDA or Rural Development is fully funded. We hear the rumors but the problems are with Rural direct and other agencies not our Rural Development Guaranteed loans. Just wanted to make sure that was clear. We are closing them daily.

As always we are ready and eager to help with any of your financing needs. Just give us a ring.