BLOGGER NEWS FLASH - MORTGAGE RATES ARE DROPPING!

Just wanted to give you some GREAT NEWS and a hot tip to start the holiday season with...

The Fed has just agreed to buy $600 Billion of Mortgage Backed Securities from Fannie Mae, Freddie Mac, and Ginnie Mae.

The result has been a nice drop in interest rates, about a 1/2% in most cases so far.

Now is an excellent time to consider a refinance or purchase with a conforming loan (loan amounts up to $417,000) or jumbo conforming loan (loan amounts up to $729,750 thru the end of the year, or up to $625,500 starting January 1, 2009).

Jumbo Loans are still here and available through a number of lenders as well.

If you'd like to know if you can save some money, give us a call at 408-850-3085 or send me an email at Mark@ThomasonTeam.com. I will personally refer you to the right lender for your situation. I make no money by referring you or any of my clients to a lender. I make my living buying and selling real estate. I treat all my clients as if they where family, looking out for their best interest.

Your Silicon Valley & Sunnyvale Real Estate Professional
Mark Thomason
http://www.thomasonteam.com/
408.850.3085