The market is incredibly favorable right now. 4.25% on a 30 year conforming fixed, with and APR of 4.554%. How about 3.75%% on a 15 year fixed conforming, with an APR of 4.203%. This is a buyer opportunity if I have ever seen one.
Use this fact as an opportunity to contact clients that you have fallen out of contact with. This is a perfect reason to call. If they are in the market you don't have to be an expert on rates, just refer them to us and we'll take it from there and you can start working on finding them a home.
There are a number of buyers out there at are pissed (to not put to fine a word on it) about their having missed the tax credit. That may very well be the case, but those that we able to take advantage of the tax credit, were not able to take advantage of these historically low rates. New open house fliers will be available come Friday...
Between now and then let's hope that our market is able to breakthrough that horizontal red line. This would lead us to even lower rates.
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