September 11, 2008 Newsletter

Pardon the interruption. I try not to send out news more than every 2-3 weeks but this news is too good to not announce. The newsletter sent out Monday was written before the Fed took over Freddie Mac and Fannie Mae. That move precipitated a large drop in interest rates, with 30 year fixed now being quoted as low as 5.625. We hope this trend continues but if ever there was a window of opportunity, the recent rate drop certainly opens the door for both purchases and refinances. If you have questions you can call me at 410 884 1160 x3007 or email at tee.tillman@colonytitle.com.