Recently we've seen a tremendous drop in rates.  Today, we are seeing 30 year fixed rates in the low 5.0-5.5% range.  If you have an existing loan, it is a great time to consider refinancing.  However, with the recent price drop in home values it would be smart to make sure you have enough equity in your home before paying any appraisal or loan fees.  If you need a free market analysis of your home, contact us anytime.

If you have been thinking about buying, these rates should been enough to encourage you to jump in.  Couple that with homes price back at 2004/2005 price levels, it certainly has become a much more attractive time to buy.