A message from our in-house Mortgage rep.....

The government takeover of Fannie and Freddie is already having a positive effect on market confidence........Part of that positive influence is the easing of interest rates.

This morning I quoted 5.875% on a 30 year fixed mortgage of $400,000.00.......This is the first time in many months the 30 year fixed conforming rate has dropped below 6%. I'll keep an eye on rates and update you accordingly......At this point, it's safe to tell you that rates are heading in a downward direction as a result of the takeover.....

If you would like a quote, please give me a call.

Regards,

Harry Fager
Private Mortgage Banker
MSC Mortgage, LLC
An affiliate of Wells Fargo Home Mortgage
M1997-011
1801 Main St.
Sarasota, Fl. 34236
941-951-6660 Tel
941-951-6667 Fax
941-308-2222 After hours
877-326-9400 Toll Free
harry.fager@wellsfargo.com