Mortgage Rates Rise

Mortgage rates have risen every day since Thursday October 23rd. The Federal Reserve today cut a key interest rate by a half point. Mortgage rates rose again. The prime rate dropped, car loans and home equity loan rates will be lower as well as some credit cards however 3o year fixed rate mortgages are now above 6.5% for the moment.

Mortgage Rates Improve Friday

Long term mortgage rates improved Friday after the House passed the $700 billion bill to buy up bad debt from big banks.

Mortgages Available

Despite what we read in the papers and hear from the media mortgages are available for people to purchase a home today. Credit is tighter for many small business owners however mortgage financing remains strong although certainly not as strong as the boom years. There are some terrific properties available for sale in Oconomowoc today. Take a look. Get pre-qualified with us today.