Mortgage Rates Drop To Lowest In a Year
Earlier this week mortgage rates drop to lowest levels in the last year. Mortgage rates were expected to increase with the rise in the Fed rate but this drop is likely associated with the global market being in distress. This is great news for potential home buyers and home owners looking to refinance. The Seattle market is looking strong for the rest of 2016 and now is a great time to buy with loan rates this low.
Mortgage rates WILL go up. Take advantage of this opportunity ASAP!
“Rates are low. Lock. Renegotiate if you need to, if rates drop further. Don’t miss out. Buyers…lock. What do you mean you didn’t refinance before? Do it. Now.” –Matt Hodges, Charlottesville Sales Manager, Presidential Mortgage Group