Today News and Interest Rates From Residential Mortgage of South Carolina

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Today News and Interest Rates From Residential Mortgage of South Carolina

Last week was a tough week in Mortgage Backed Securities losing 200bps for the week. Yesterday finished the day down -12bps. How is it starting today, down -19bps. If you have customers waiting for the rates to fall lower that time has passed. It is time for them to come out and by a home J.

 Today’s Quote: “Courage - a perfect sensibility of the measure of danger, and a mental willingness to endure it.” - William Tecumseh Sherman. Do you know the significance of General Sherman today?

Today News:

China’s central bank raised rates again in an effort to slow down China’s increasing inflation rate. Brazil, you know Beaches, Rio, World Cup Soccer, did you know  Brazil’s consumer prices rose at their fastest pace in the last 6 years. Remember, this is a country in the 1980’s that struggled with 69% monthly inflation. Keep your eyes on this…..of course there is this to consider….while there is inflation their currentcy is losing value. If you ever wanted to go to Brazil….well it might be a good time J.

There are some changes on the rate sheet today.
Here are today’s rates and as always….call me anytime. Give a opportunity….I won’t let you down.

 Have a GREAT DAY EVERYONE…..CALL ME I AM HERE TO HELP!!!   
 

Loan                         Program              Interest Rate          APR

Conventional               30 yr                        5.000%               5.180%
Conventional               15 yr                        4.250%               4.374%
FHA/VA                        30 yr                        4.750%               4.847%
FHA/VA                        5/1 ARM                  3.375%               3.472%
USDA                           30 yr                       5.000%               5.780%
State Housing                                             4.375%               4.472%
JUMBO                        1 yr ARM                 3.350%               3.447%

Here is Kevin Breeland's contact information:

Kevin M. Breeland
NMLS # 231989
General Manager
Residential Mortgage of South Carolina, LLC
NMLS #232630
427 Johnnie Dodds Rd.
Mount Pleasant, SC 29464
843-284-0745 ext. 203
843-284-0747 direct
843-284-0744 fax
843-709-3600 cell
breelandk@residentialmortgagesc.com
www.residentialscdailyrates.com 

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Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com