California Teachers and Employees

The conservatorship forced upon fannie mae and freddie mac by the U.S. Treasury department has spawned an industry wide  trend of dropping interest rates.  Government loans and Conventional loans alike have experienced similar slides since Monday.

Interest Rates have dropped below 6% in the first time in a very long time - you can check CalSTRS interest rates on their website anytime - Here is a link to the CalSTRS Interest Rates page

One of my favorite features of the CalSTRS 80/17 home purchase program is the one time free float down.  What this means is that after you have locked your interest rate, once you are in escrow, and the interest rates drops as they did this week, you are allowed to reduce the rate at no charge.

This program just keeps getting better and better if you’re a Teacher or Employee at a California public school or community college.  If you would like more information about this program give us a call today at 1-866-667-6724.