This week in our Keller Williams Team meeting, we talked about the mortgage rates going up but a possible rate improvement in the next few weeks. The economy shift is opening a short window of opportunity before rates increase again. Home loan rates while historically attractive are hovering at a near-term bottom. When do we know if the rates have hit bottom? Unfortunately we know that when the rate has started the upward climb.
What we learned in Econ 101, “Stocks go down, Rates go down” didn’t work this past week. Typically, as Stocks decline, home loan rates improve as the investment dollars find their way into Bonds. That was not the case this week. Bonds and home loan rates hardly moved. Now is the time to lock in that mortgage rate and invest in your new home.
Mortgage brokers such as Stearns Lending and OPES Advisors have loan programs that you may not have thought about. Don’t limit yourself to traditional lenders.
You can to be part of the Buyer’s Market. Right now there are more property choices and that window of opportunity to lock in a good rate. If you see something you would like more information about or take a look at, please give me a call.
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