30 year fixed rate for conforming loan hit 3.375% for people who own their home as primary house. It’s a new low since it dropped to 3.5% a few weeks ago. If you loan amount is 417K or less, it’s a good opportunity to lock a very low rate for 30 years. Give me a call as soon as possible to check if you can qualify for this rate. If your loan amount is higher than that, high-balance confirming loan rate is very low too. We can also look into different options to restructure the loan
If you have a non-fixed program for your loan such as 5/1 ARM or 7/1 ARM and you plan to keep your current house for a longer period, it’s the best time to change it to 30 year fixed program.
