Rates continue to decline and the market is looking more favorable than it has since late 2016.
Mortgage borrowers who shopped around in recent weeks could have saved $42,137 over the life of a $300,000 loan*.
Rates have been steadily decreasing over the past several weeks and have hit the lowest in 31 months.
With a refinance you may be able to lower your monthly payment, get rid of your mortgage insurance, take cash out, consolidate debt or lower your rate!
Time is of the essence when the market is on the move, so I’m scheduling 10-minute consults to help my clients review if they can benefit financially. Simply click here to request a consult.
I like to make sure everyone I do business with is well informed about the current conditions of the market and breaking news. Below is a preview of our market update for July:
REFI-BOOM OF 2019
With the fall of treasury yields, long term interest rates (i.e.: 30/15 Year Mortgage Rates) have been in a free fall, creating what appears to be the beginning of a refinance boom.
And it couldn’t be a more perfect storm. Equity in U.S. housing is near an all-time high. As is consumer debt; recently breaching $4 trillion.
Millions of homeowners today can benefit from a rate in term refinance to simply lower their interest rate and/or term of their mortgage. Millions more can benefit from a cash-out refinance to consolidate debt or for home renovations...
Read the full July, 2019 Market Update HERE
I hope your summer is off to a great start! Don’t hesitate to contact me if you’d like to see what your options are with the lowest rates the market has seen in two and a half years!