03/07/2025
A mixed Jobs Report drove bonds down to start the day but they gained some ground shortly thereafter. Rates moved down a little this morning, however the volatility trend continues each week.
Those waiting to refinance should get the wheels in motion now. Itâs always better to be prepared - and have your Loan Officer fully prepared to lock your interest rate at any time.
I donât expect a huge drop in rates to happen anytime soon, however there are special programs out there - designed to help individuals refinance in this market - RIGHT NOW.
đ„For example, UWM is offering a huge pricing special for conventional cash out refinances. If you need to consolidate credit card debt, this might be your opportunity.
đ„For government loans, such as VA Home Loans and FHA Home Loans - thereâs a special available for those with low or bad credit scores. You can still do a streamline Refinance. I have a lender that doesnât require a credit report. They will base your interest rate off of a 680 credit score. đ
If you have any questions about any of these programs or would like to hear about more, please reach out! These specials wonât last forever.
Mike Pehrson 602.7991324
Yourmortgageguymike.com