Worries about COVID-19 are impacting markets all over the globe. Due to unrest and economic uncertainty related to the pandemic, mortgage interest rates have taken a plunge, making this a unique opportunity to save on your home. We are seeing historical changes in not only interest rates, but number of applications and buyers. Last week, we saw US Treasury 30-year fixed rates fall to 3.47%, a rate we haven’t seen since 2012, and it hasn’t stopped sinking!
What does this mean?
A lower interest rate saves you money on your mortgage, and can significantly lower your monthly payments. Whether you are considering buying or are interested in refinancing an existing mortgage, now is a great time to take the leap.
What are my refinancing options?
I offer FHA Streamline refinancing, and for veterans, VA IRRRL refinancing. Both options are fast, convenient, and you can apply on my website! Apply or contact me today to learn how you can take advantage of this sudden opportunity to save! Do not wait- this won’t last forever!