Do Not Miss The Boat!
You may have heard of the mini refinance boom we are experiencing right now. With home values increasing and mortgage rates declining we are in a perfect storm for homeowners to save a large sum of money. We’ve seen rates dropping as much as 1 full percentage point for someone who closed 8 months ago.
Please don’t hesitate, if you’ve been in your home for 6 months or more it’s the best time to look into options. You can easily get a quote with out refinance advisor.
Why Are Rates Falling?
It’s probably a result of the federal reserve receiving pressure from the executive branch to stagnate mortgage rates and promote home buying and refinancing, the reserve has apparently listened because they anticipate no rate hikes this year. Which means we may experience a massive home buying and refinancing market. This could be the year most home buyers have been waiting for, lower mortgage payments are opening up because of these decreased home prices and mortgage rates.
What Happens Now?
There could be several consequences of this frenzied market. Initially we will see a influx in refinance and purchase action, but as the already depleted inventory gets eaten away even further, we may see another 2018 summer market; where multiple offers on each home inflate the already inflated market.
What Should I Do?
Buying a home is an investment, and if you can get that investment cheaper now it’s a good time to act. With mortgage rates so low (sign up here) it’s probably the best time to buy or refinance your home. I’d recommend sitting down with a qualified loan officer to discuss your options.
What Can I Do Now?
You can Sign up for mortgage rates here
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Justin Scott
Loan Officer
NMLS 878581
- C) 920-530-4484
- O) 920-490-8823
- F) 920-490-8967
Executive Mortgage
NMLS 271650
909 . E Walnut Street
Green Bay WI 54301