I try to be a valuable resource for my clients and am always looking for information to share with them in my weekly email newsletter. The Mortgage Reports by Loan Officer Dan Green is a must-have for agents who want to stay current on mortgage markets and guideline changes. I often share his info with my clients including his recent post about the interest rate spread between 15 and 30 year fixed mortgages.
It's a good time to look at the 15-year fixed rate mortgages.
As compared to 30-year fixed rates, the relative discount for "going 15" is big. Interest rate spreads between the benchmark borrowing products haven't been this high since 2004.
