3.6% 30-Year Fixed

As predicted here, mortgage rates just keep falling. Some said 5% was impossible, then 4%, now we’re gunning for 3% and I’m finally hearing talk of a ZIRP for mortgages. I haven’t refinanced yet because the trend is still down. From WSJ.com:

Building giant Lennar just started offering a 3.625% 30-year fixed-rate mortgages, putting even the recent headline-grabbing sub-5% rate to shame. It is, the company says, its lowest rate ever.

The deal isn’t available on every home, of course. It’s only for new purchases, no refis. And the requirements are pretty tight. The minimum credit score is 700, and closings must occur by April 30. The loan amount can’t exceed $417,000, and at least 10% has to be put down.

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • The Kelly Letter
    A Complete Investment Management System
    The Kelly Letter  every Sunday morning by email.
    Like no other. Many subscribers say this is the best read of their week, astonishing in its ability to distill seven days of noise into one succinct overview of the very few items that might matter. Start your Sundays right!
    A one-page Quick Start Guide
    with page number references to full information in The 3% Signal. You'll receive access to this right away so you can begin transforming your portfolio into a performance machine immediately.
    The 3Sig Calculator.
    A thing of beauty! You'll use it to generate your own personal signals every quarter including exact share amounts to buy and sell based on your account balances. It emails you the results to make later quarters easy by keeping last quarter's numbers at your fingertips. Some subscribers say this tool alone justifies their subscription price.
    The subscriber-only section of this website
    where likeminded investors are commenting on notes and discussing in forums. Jason joins these interactions every day. They're a treasure trove of investing tips and wisdom.
    The archive of Kelly Letter notes.
    It’s a research center, searchable and smartly tagged to make gathering time-stamped material on covered subjects easy.
    The subscriber podcast.
    Jason reads every letter word-for-word. This feature was requested by subscribers who prefer audio learning. They listen on their Monday morning commute, during a workout, or while reading along at their computer.

    Save 17%

    Pay as you go
    Or sign up to receive free email and learn more about the system.
Bestselling Financial Author