Monday Morning Mortgage Rate Drops

Good news to counter the cold weather: First Foundation’s mortgage partners have dropped their rates AGAIN.

Here are a few updates to get the week started off on the right foot:

1 Year Fixed: 2.40% (down from 2.55%)
3 Year – 3.34% (down from 3.39%)
5 Year – 3.84% (down from 3.89%)

And possibly the biggest sign that the recession is over: the Variable Rate Mortgage is at PRIME (currently 2.25%).

As always, some conditions apply. On approved credit, if you live in a tent we can’t mortgage it, etc…

Hope you had a great weekend and hope the coming week is even better! Stay tuned for more as it develops…