We saw a second major lender open up sub 3% rates on their rates sheets this morning - specifically 2.75% on the 30YR and 2.25% on the 15YR. Disclaimer: these rates are costly to buy down to, but are now an option for the first time. This may portend that these rates are available without points at some point in the near future - with domestic economic weakness and/or EU troubles continuing as the impetus. Are they preparing for the storm? Stay tuned...

Brett Boyke - Senior Mortgage Associate

Wintrust Mortgage - www.BrettBoykeMortgage.com - Federally Chartered lending in all 50 States

bboyke@wintrustmortgage.com - 630-598-2392