After five weeks on the decline, mortgage rates in the U.S. have finally reached their lowest point in 16 months. If you have been considering a home purchase or refinance, now is an excellent time to make the jump!
If any of the following criteria apply to you, a refinance might be a great option:
- Your home is currently financed at a higher-than-market rate
- You are paying PMI
- You have an ARM on your loan
- You have large financial goals such as paying down debt or buying a second home
- You have other consumer debt that needs to be paid off
- You want to make home improvements and need funding to finance them
I would love to talk about your home financing needs and determine which program is best for you. Contact me today to set up a time to discuss.
To learn more about the current low mortgage rates, click here.Tags: Interest Rates