As you drive down the street, pass a Gas Station, and see the price per gallon, have you noticed that it seems to be going down a few pennies almost daily? This drop in price is because the selling price of a barrel of oil on the stock exchange has also dropped and eventually the domino effect typically reaches the MBS market. In turn, mortgage interest rates have dropped causing a down turn in long term interrest rates. Today, ABBA First is offering a discounted rate of 4.50% for a 30 year mortgage. That’s another industry leading rate in NC for qualified clients. Call us at 910-332-0650 and apply today for your mortgage. Don’t delay! We have seen this happen before where the see-saw principal comes into play. Start your application process now and set the table before the market takes an upswing.