Rates remain very strong to start out 08 as investors still worry that the economy is slowing. We start this week (January 14, 2008) at 5.375% on a 30 year and 5.0% on a 15 year.
Sure sub prime is gone but there is still 100% financing available under several Fannie and Freddie programs and especially under the gov’t loan programs.
Jonah’s Thought: Rates are great? And are probably going to get a little better with Fed discount rates sure to come down. The Question! When are the buyers coming out of their induced hibernation? The body temperature of this pent up demand has to be rising... Remember we are still going to sell 5 million houses this year.
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