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I just met Ronnie Yarbrough a very successful Olathe mortgage loan professional after the Kansas City Chiefs game today. Ronnie works for Firstrust Mortgage. He told me that mortgage rates have gone down a 1/4 point and are expected to go down even more. He suggested not locking in on a rate but float. I asked him what that met and he said that he would suggest getting all docs ready and he would watch the rates. When they hit bottom he would call the client and have them lock the rate at the lowest possible cost.
If you are looking to finance an Olathe home, contact Ronnie Yarbrough for your Olathe mortgage needs.
Ronnie YarbroughFirstrust Mortgagewww.RonYarbrough.com
Information provided by: www.DowellTaggart.com
There is a 70% Chance for another Fed Cut in October. Remember anticipation of the cut will benefit you more than the actual cut. 90% of the time rates go up on the day of the cut and they reach their lowest 2 days prior to the cut.
Another cut will really add to the investment property purchase market. Prime is the important number for short term investment in Real Estate, including new construction.
Ron Yarbrough- Kansas City Mortagge Expert
http://www.RonYarbrough.com
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