Mortgage RatesIf you are buying property or offering Seller Financing you should keep up with the current interest rates being offered for real estate sales and purchases.

Mortgage 101 says: “Interest rates on long-term mortgages fell to their lowest ever on record during the past week, according to mortgage finance company Freddie Mac, spurred downward by the Federal Reserve’s latest injection into the economy”

It’s important as Wholesale, Short Sale and Fix & Flip investors, even if we are cash buyers, to keep up with Mortgage Interest Rates. Majority of our end buyers, clients, , private lenders, hard money lenders and especially new homeowners are paying close attention to that. A few percentage points can make or break a deal.  Trust me I know first hand.

Buy and Hold Investors – you need to pay attention too. At record low rates a smart refinancing move could improve your cash flow and equity position. In fact, low rate could open up more buying opportunities. is a great resource to use for any one involved in real estate investing. Did you know that you could even “lock” a interest rate?

Mortgage Tip:

What is a Rate Lock? – A rate lock is a guarantee that the lender will offer the borrower a specific combination of interest rate and points, according to Greg Cook, a loan consultant at Golden Empire Mortgage in Temecula, Calif. A point is a fee or rebate equal to 1 percent of the loan amount.

Also essential to a rate lock is a time period, typically 10, 15, 30, 45 or 60 days.

A rate lock protects the borrower from rate fluctuations for the duration of the lock period. If market rates rise after the rate is locked, the borrower will still get the lower rate, to the lender’s detriment. But there’s a downside: If rates fall after the rate is locked, the borrower might not be able to take advantage of that opportunity.

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