Straight Talk About Real Estate

Mortgage rates continue to look pretty good. A 30-year conforming loan is at about 6.5%. We expect it to remain stable, with normal daily fluctuations of 1/8% to 1/4%. I wouldn’t expect the rates to go much lower.

If you have a short term loan, such as an adjustable or a 5-year fixed, you should consider refinancing into a 30-year fixed if you expect to keep the house past the short term of the loan.