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Mortgage Rates lowest since 1940s

The super-low rates are not likely to last much longer.  The Federal Reserve program that has driven rates to such lows, which involves buying $1.25 trillion in mortgage-backed securities, is scheduled to expire in March and Fed leaders have said that it would not be renewed. Some analysts believe rates could jump as high as 6 percent in the spring. Presently, despite the fact that a credit crunch still exists, current homeowners and prospective home buyers still have much to look forward to.

Borrower Qualifications

All loan programs require that the borrower meet several income, employment and credit guidelines. Though these loan restrictions have gotten tighter, MortgageSouth Financial Services, Inc has the latest INTEREST RATES AS LOW AS 5.00% and mortgage application guidelines at hand so that you can be sure you do not stretch your financial limits.

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Call Jim Davis now at (919) 345-5232 or

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and I will pull your credit for free to see if your credit report qualify you for a lower interest rate.