Tuesday, September 23, 2008

Wells Fargo Jumbo Mortgage Rate is 9.00%

Wells Fargo Mortgage rate for a 30-year fixed mortgage is 9.00%!

We have been telling you to watch the jobs market and the mortgage rate to see how far down housing goes.  We were worried about the mortgage rate, but with the government bailing out Freddie and Fannie, the rates eased - at least temporarily.

The 30-year fixed is still low.



The content contained in this blog represents the opinions of HousingDepression.
This commentary in no way constitutes investment advice. It should never be relied on in making an investment decision, ever. Nor are these comments meant to be a solicitation of business in any way - such inquiries will not be responded to. This content is intended solely for the entertainment of the reader, and the author.  We may hold either long or short positions in securities of various companies discussed in the blog.  The information in blog may contain misspellings and other inaccuracies.  It is provided "As IS," without express or implied warranties of any kind.  HD represents all rights to the information.

Technorati Tags     ,

No comments: