Yesterday the government recorded that new home sales rose during the month of May 7.6%, according to CNN.com. Existing home rates slowed a bit, but with Mortgage rates at record lows we have seen an increase of activity here in the valley!
If you have not refinanced in the past few years, now would be the time to check out what awesome rates you can get if you plan on staying in your home for a few years. One of our clients was quoted a 2.85% on a 15 year mortgage. Amazing!