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The historic moves by the Federal Reserve yesterday have many saying that mortgage rates will -- -- like when you get will you be able to get one of these lower rate mortgages.
That's -- Greg around he's a managing opera credential random sort realty Greg welcome to the program thank -- mortgage rates are headed down right now is that correct right now as we speak on the way into the studio I called in and we're offering for three quarters on fixed rates thirty year fixed -- right now.
Last night they were around 5% for three quarters percent right now on the -- fixed rate loan write down from 5% just yesterday just yesterday that's because the -- been buying treasuries and get right down that's correct -- online again to a four and three quarters percent mortgage well that depends if you're refinancing it depends on how much equity you have -- how much -- might just about -- -- -- -- this -- -- -- situation for millions of people.
They owe more on the house's bluff right can they refinance at 43 quarters percent possibly.
About a week or two ago there was an announcement that Fannie -- guidelines would be to be expanded to allow people.
To refinance up to 105%.
Of there so -- gonna get government help if there on the water to get these low rates that's only government insurance though that's still alone they gonna have to refinance -- they're -- have to pay.
Under their own power it's not a government -- essentially you're you're telling me for three quarters percent -- it -- not many people if they're on the -- took.
Can get it for refinancing the purchasing the tickets excites you about this is the purchase -- -- with -- and so I -- put 20% down I've got a job and got documentation right I did you -- your voice -- facility to go down from there it's -- down law but we think so it's only didn't have today it is down to fourth recorders.
The shoppers are shopping so aggressively right now and they're waiting for a good price and they've been teased about these rates -- -- coming so I've pretty Greg I'm sort of breaking.
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