RATES REMAIN LOW
- Despite gains in the bond market interest rates continue to remain low.
- 30 year conforming (417K and below) remain lower than 4% with 0 points.
- Jumbo 30 year fixed to 2MM have trended lower and are hovering around 4%.
STORIES FROM THE TRENCHES:
Kids wanted to take over the home that their Aunt owns. We arranged a gift sale transaction where the kids did not have to come up with any down payment. The Aunt pledged the equity in the home as the gift down payment.
The kids were able to complete the purchase and gain home ownership.