In the last 30 days we have seen a dramatic change in interest rates for mortgages. After weeks of consistent rate reductions, we would like to notify the public that as of today (12-17-2008), Pawtucket Credit Union, a leading mortgage lender in RI, has lowered their 30-Year fixed mortgage ("A conforming product") to 4.875%. I believe the maximum loan amount for this product would be $417,000. For further details please contact Pawtucket Credit Union directly.
With rates this low and prices in the market as low as they are, this is an absolute great time to buy Real Estate! In fact, this is one of the reasons why we are seeing so many clients build new homes during this down market!
Wednesday, December 17, 2008
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