09/10/2024
Mortgage 101...... Refinance, haven't heard this word in a while!
Finally, something positive to look forward to!
As I have been posting for months, Mortgage rates at are a 12 month low, and things are still improving, as the Fed's are meeting in a few days, rates are expected to improve even further. I priced a FHA loan for a client today, who purchased her home 1 1/2 years ago, with a interest rate in the high 6's (FHA), today the same loan priced out in the lower 5's (FHA), and even better, very low cost, due to creative thinking on my teams part. If you currently have a rate that is in the mid to upper 6'.s now is a good time to think about refinancing, as by months end, we will be ready. The same is true if you are looking to purchase, now is the time as rates and prices have both improved!!
If you have any questions, please call me at 832-309-7469, Jay Capital ABC Funding Mortgage NMLS 266331. "We help change lives, not just addresses"