Mortgage Rates Continue to Fall Like a Rock

 

Just when everyone thought the party might end mortgage rates on a 30 year fixed fell to 4.09%, their lowest level since 1951.  The average interest rate on a 15 year home mortgage dropped to 3.30% which could be the lowest rate ever for that program.  Mortgage rates tend to track the yield on the 10-year Treasury note. Trepidation over Europe’s debt crisis are pushing investors to shift money into the safe Treasury, forcing the yield lower and home interest rates to fall.

Over the past 12 months the average rate on the 30-year fixed mortgage has been below 5 percent for all but two weeks.  Compare that to five years ago, when the average 30-year fixed rate was near 6.5 percent.  Just a decade ago, it exceeded 8 percent.

According to ALLEN BRODETSKY of ASB CAPITAL GROUP, a real estate financing expert, now seems to be the perfect time to purchase a home or refinance an existing home loan.  “It’s a remarkable convergence of low housing prices, driven down by a sluggish real estate market, and historical low interest rates”, stated Allen Brodetsky.  Allen goes on to say, “anyone that hasn’t refinanced their home loan in the last year really needs to capitalize on this unique opportunity to lower their home interest rate and lock it in on either a 15 year or 30 year fixed program.”

“The phones have been ringing off the hook at ASB Capital”, claims Allen Brodetsky.  “The rates that we offer our clients are some of the lowest in the mortgage industry”, Allen continues, “We have a reputation of low rates, great customer service and getting the deal closed on time”.  “We look at our clients as a lifetime relationship and that fundamental alone has helped our company flourish even in these uncertain economic times”.

Contact Allen Brodetsky & ASB Capital to get a free mortgage analysis

Allen Brodetsky of ASB CAPITAL GROUP has been serving the Southern California community as a mortgage professional for the past seven years. He has originated hundreds of loans for borrowers in both cash out and rate and term transactions. Allen Brodetsky has detailed knowledge of underwriting guidelines and standards for individual lenders and is highly respected by his clients as an honest straight shooter. His candid approach to originating loans for his clients has earned him the reputation of a trustworthy business professional. Call Allen Brodetsky at (818) 881-8883 or email to allen@fundwithme.com