Ryan’s Mortgage Blog:
I am going to have to keep today’s blog short and sweet. The flu bug has caught me again…or my allergies have gone crazy, one of the two. While researching some specifications on FHA loans I came across something interesting for those of you who have a FHA loan. They are giving refunds from part of the insurance premium for certain borrowers. To see if you qualify click here .
Over the last week 5 Year ARM rates have dropped, probably because everyone is scared to get one since “ARM” are to blame for part of the mortgage mess. If you aren’t afraid of them and learn how to make it work for you, now is a good time for a 5 year ARM. The 30 year fixed (which is becoming oh so popular once again) rates are on the slight rise.
If you have any mortgage related questions feel free to contact me at RBaker@PeregrineLending.com or 805-540-0866