Loan Interest Rates Are Down!!

I just got a phone call from a lender friend of mine, John Lucero, at Golf Savings in Moses Lake, and he told me that the rates are down now that the government has bought some of the lending companies out. It turns out that while the Fed cut the rates, those cuts weren't being passed on to the borrowers, people like you and me. Well, now they ARE. This is GREAT news!!

Today, a 30 year fixed rate loan is 5.875%

The 15 year fixed rate loan is 5.375%

Isn't this great!!?? It's time to buy a house!

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Here is Mike Bess' Economic update for today. I love getting his good news!

Here is a link:http://realtytimes.com/ncmeu/45/1.MikeBess

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.This month's issue includes the following topics:"Positive Trends In Housing Studies""Finding Discounted Homes For Sale"Plus a Calendar showing the most important economic indicators and their upcoming release dates. I hope you enjoy this bi-weekly Newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

Sincerely,

Mike Bess
Michael Bess

Mortgage Banker

National City Mortgage,

a division of National City Bank

31620 23rd Ave S #200

Federal Way, WA 98003

Office: 253-839-6500

Mobile: 253-632-0105

Fax: 253-839-6520

Email: mike.bess@ncmc.com

Thank you for contacting me. Have you seen my web site? You can now apply for a mortgage online, 24 hours a day! You will also find useful mortgage calculators and other valuable information.
Web Page: www.ncmc.com/mikebess

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When you buy a house, ask your Realtor to see if it's on public sewer or has its own septic tank. It's important to know which one is available because it's going to make a difference on whether or not you want to use the Septic Addendum when you make your offer. If it's on a public sewer system, you need to know where the bill comes from and who services it. However, if it has a septic tank, the responsibility to service it is YOURS. So, if you find out there is a septic tank, make sure your real estate agent adds the Septic Addendum to your offer so you can find out if the owner has had it inspected and pumped within the past year. If they haven't had it pumped, then add in that you want the owner to do that so you know whether or not the septic is in proper working order, and that it's pumped before you move in.

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Have a great week! Call me if you'd like to buy a house or sell a house. I love helping people find the home that fits their needs just right.

Sincerely,

Connie

509-431-5804 direct