March 18, 2011 Newsletter

Usually, I limit my newsletters to once a month so as to not overwhelm my clients with info, and hopefully not bore you. Current market fluctuations in interest rates are going to be in play for the next two weeks, and for those of you who have been fence sitting, you need to act now.

Rates have dropped in the last three days, and the only factor which makes sense is the uncertainty in Japan. Currently there are lenders quoting 30 year fixed rates at 4.75%, 15 years at 4.0% and 5 and 7 year arms under 4.0% These rates are significantly better than a week ago. What you may not know is that as of April 1, with new legislation taking affect, the lenders will have little or no flexibility to aggressively quote rates, so there is a small window between now and April 1 to apply and lock in a fixed rate below 5 or an adjustable below 4. Most quotes will be good for 45 days, so if you have a purchase or refinance in mind, you can lock by April 1 and close by April 30 with that rate.

If you would like to take advantage of these rates call us and we can put you in touch with a lender to suit your needs.

We want to be your title company and law firm. Call me at 410 884 1160 x 3007 or email at