Unless you have been sleeping under a rock you probably know that rates have been trending down. To get a better perspective take a look at the last 12 months of the 10 year treasury.
Bonds are currently trading around 2.5%. This is down from 3% at the same time last year. Over the last 12 months the yields have fallen. This in spite of the treasury department scaling back buying up bonds to artificially stimulate the economy. This means rates are likely to remain near current levels.
Meanwhile Real Estate levels remain flat. In fact sales have supported the same value for nearly the last 10 years. Sales continue to hover State-wide around 35,000 per month.
Loan programs continue to grow more creative with new Stated Income programs hitting the market. To disucss your confidential scenario please CLICK HERE to send an appointment or email mitch@targetrate.com.
Lender Partner
Mitch Lichterman – Loan Originator-TargetRate.com
Phone:310-478-4999
NMLS#:274609
DRE#:01952045
