Where are we going........

The Fed continued to keep rates unchanged and long-term rates seemed to follow suit with little or no change in mortgage rates for a stretch of about six months or so........then, everything went crazy. We had what was probably a long overdue adjustment of interest rates with 30 yr fixed rate loans now running on average from 6.75-7.25% depending on loan size, credit score, points paid or not and day of the week! This "self-adjustment" will probably keep the Fed from actually raising rates any time soon. Keep in mind that it was only about 6 yrs ago that 30 year fixed rates were 8.75%......so in the grand scheme of things, rates are still pretty good. This information was provided by my mortgage broker, as of the end of July. Sorry, I was away for a little while. I'm back and ready to answer any questions about Sunrise Villas.