Gas prices came down considerably today on the news that there will be a signed agreement with Iran to end any fighting by either side! Could mortgage rates be next? As with any agreement, the devil is in the details…so…we will see most likely in the days to come whether or not there will be good news from both fronts. While a reduction in gas prices will help everybody, a one point reduction in mortgage rates, might just start a purchase and refi boom that will save borrowers hundreds of dollars in monthly payments! As we watch the market for you, keep in mind that Mitchell Mortgage handles conventional conforming, jumbo, FHA, VA, Reverse Mortgages, as well as non-conforming and hard money transactions. Call Michael E. Mitchell today to discuss your scenario. 707-337-5970 mobile and 530-406-2200 and 707-259-1117 landlines! Talk to you soon!

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