Orlando Mortgage Blog

Home buyers rushed to sign contracts by the end of April before the $8,000 Home Buyers Tax Credit expired. That may have front loaded potential buyers in the short run until current bargain basement prices and rates lure shoppers back. But recent rate drops to levels in the 4.8% range have spurred refinancings once again as borrowers able to qualify reel in the savings while they can. A 30 year fixed was after all in the 5.375% range in early April. That's nearly a .50% lower and quite a difference.  Read on...