Friday, January 11, 2008

Rates lower, AGAIN...more expected

Once again, my friend at Wells Fargo has forwarded his rate sheet and he had another 1/8% drop in his rates for conforming loans. This is entirely expected on an annual basis, yet in my opinion the next 30 days will be the final shakeout. Most of the lenders on our Colorado Lender page at will lock today but guarantee the lower rate when you close. What a neat tool for buyers or refinancing.

Do me a favor and mention my name with any of them you contact, including Rich Salsbury at Wells Fargo, my rate quoter. He is a good guy with a good bank.

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