An Update on Mortgage Rates

Hey Everyone---Chad wanted me to pass this on...
Hey, rates have dropped significantly. Over the last 2 weeks the have been going down. There is a chance that I can help lower somebody’s interest rate and monthly payments that work in your building. There is a possibility depending on the situation that I could cover some or all of the closing cost. If I can lower their mortgage payment and have no cost or very small cost it would be a no brainier for them. A lot of the guys around the office are calling clients that are at 6.375% and higher on a 30 year fixed and getting them into the high 5%’s or low 6%’s.



On the other hand if they didn’t want me to cover cost I could get them down to the middle to high 5’s. On a 30 year fixed rate right now par is 5.5%. This means that I would have to make all my money on the front of the loan. But if somebody wanted to pay a point or two and roll in the closing cost I could potentially get them in the middle 5%’s. In any case there would be no out of pocket cost. If you would pass this email on to your colleagues in the school I would appreciate it. If they just wanted to talk and see if there would be a benefit have them give me a call.

If you have any interest or know someone that might just give him a call--
316-619-9308 or email him at chadb@mscloan.com

Thanks!!!
Megan