Mortgage Blog

Hello all!

Finally the mortgage rates have started to dip.  The five year ARM programs are around 5.5% right now, which is a great buy for those that are planning to refi later or sell the property in the future.  Wells Fargo has announced has announced a special that they are going to be running:

Jump-Start the Summer!

For a limited time only, we're heating up our price to match the heat of summer.

Effective with new locks on and after July 10, 2008, Wells Fargo will improve price by .250 on conventional conforming 30-year fixed rate loans*, for loan amounts greater than or equal to $300,000.
 
Make sure you take advantage of this hot deal and lock your loans!
 
*This special is only applicable to conventional conforming 30-year fixed rate loans. It does not apply to the High Balance Conforming Loan Program.

Contact your Wells Fargo Wholesale Lending sales team member today!

So, anyone that needs to purchase, today is an excellen day to lock in those loans.  Hopefully the rates tomorrow will continue to drop.