June 8th, 2010 4:50 PM by BILL WILBANKS
That's right. It happened today. A qualified buyer can get a 4.50% 30 year basic "Mom and Pop" type owner-occupied loan as low as 4.50% and the lender pays our origination so NO POINTS! Refinance rate and term borrowers were slightly higher at 4.625% on loan amounts of $200,000 and higher to the $417,000 limit today.
What's a fence sitter to do. It may finally take procrastination out of their vocabulary today.
I've been in the business more years than I'd like to remember and have never had that to offer and don't remember seeing it in my lifetime. But someone out there is still thinking "It could go lower". Grab it folks!