Thursday, January 19, 2006

Loan Rates

According to Judy Friedrich at Gold Coast Home Loans, loan rates are declining! "Fixed rates have dropped over the last 6 weeks from an average of 6.25% to 5.75%!! Economists are predicting the average rate this year to be 6.25% - which we can certainly live with. Buyers are still leaning towards the Interest Only adjustable loans with the 5 - 10 year initial fixed rate." Judy can be reached at (805) 340-6411.


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