08/05/2024
There has been a lot of talk today about markets world wide. With tension from a weaker than expected jobs report and ripples from Japan we saw the Dow Jones start much lower at market open. This has led to interest rates taking a big drop!
The image below from Mortgage News Daily shows a national average that is much more favorable than rates we have seen in quite a while. There is some pressure on the Fed to make emergency rate cuts which would help lead to much lower rates much faster than anticipated but there are variables to that happening.
In the mean time, if any of you or your loved ones are looking to purchase or refinance, please reach out to me so we can take advantage of these rates! These developments can save you some money every month and increase your purchasing power when itβs time to buy!
Josh Marlin NMLS #1699477
Swan Financial NMLS #2473