For those of you who have been sitting on the fence…
Waiting for rates to come down again, that time is here. Today rates were the lowest they have been since May. If you recall towards the end of May, rates jumped ½% in one day and even more over a few weeks. Finally, we have reached those lows again.
We are currently around the 4.875% marker for a no point 30 year fixed conforming loan(1), for qualified borrowers. Next Tuesday will bring us retail sales for August and this is expected to be a big market mover. Whether or not this will be good or bad news for rates is unknown, but it is expected to be good.
If you or anyone you know is considering a refinance, call me right away to get your paper work in line and ready to lock the best rates we’ve seen in months.
This is also a great time to buy with rates and prices this low.
(1) Based on credit scores above 750, primary residence, an impound account, and other qualifying factors. Call for more info.
Thank you,
Matt Steinmetz
Envoy Mortgage- Voted Top 25 Tech Savvy Lenders by Mortgage Technology Magazine
2151-P Salvio St.
Concord, CA 94520
Phone 925-671-9501 x119
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