I received a phone call this morning from a reputable mortgage lender and a good friend Kim Borer with Wells Fargo. Kim called to make sure I was aware of the the drop in interest rates over the holiday weekend. I had heard about it but not in detail since I tried to stay away from the news as much as possible over the holiday. I’m excited to report that the mortgage interest rates have dropped considerably on a 30 year fixed rate mortgage. They have dropped enough to make a substantial difference in a potential buyer’s budget. Kim and I also discussed a couple of changes that they are experiencing in the lending industry as well as the consistently appreciating values in our local market. Wells Fargo was and continues to be cautious and conservative lender with strong customer service. I’ve been working with Kim as long as I have been in this business and she is an expert in her field, a true professional. I greatly enjoy working with Kim when we get the opprotunity. She takes great care of the consumer and does an exceptional job of keeping the lines of communication open with all parties involved which makes for a better home buying experience for the buyer.
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