The rate market has been extremely volatile the past few months, to say the least! However, since the election it has mellowed somewhat. The fact that the election is over is helpful.
The rate market has gone back to a tradtional cycle somewhat over the past week: as stocks do better, rates get worse and as stocks get worse, rates get better! We have seen the DOW plummet with some announcements of companies doing poorly. Rates have received some of that benefit.
Now is a great time to buy a home or refinance. Home prices have been depressed for months–you can get a great deal! Rates are low on fixed rate mortgages. So, you can convert your adjustable mortgage to a fixed and benefit greatly.
Call me today and let me help you see if it makes sense for you to refinance or how you can purchase a new dream home or vacation home. 910.616.3273
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