Now is the time to get the best possible mortgage rate!
Don’t get too comfortable ! Just because the Fed has taken drastic measures to stimulate economic growth by lowering the Fed funds rate, it won’t be this way forever.
At this very moment, Federal Reserve policy makers don’t seem to agree on how much longer to extend the extraordinary low Fed rate.
Remember, the “Fed funds rate cuts” are tied directly to “short-term” rates only, lowering variable-rate credit cards, auto loans, equity lines and some ARMs. The cuts also put a squeeze on earned interest on savings and pension funds!
Now we’re all waiting to hear about the Fed’s next move… and the rippling effect it will have on “long-term” mortgage rates!
This is Your “Wake-Up Call”!
Some financial experts say lowering rates may have prevented a bad situation from getting worse… others content that keeping rates this low, this long, may have hurt more than it helped.
Those who were “banking” on their interest income are feeling the pinch and many folks are leery about spending, which takes a toll on our struggling economy.
So, the Fed may be ready to take the pressure off wit new monetary policies and changes that may eventually increase the cost of getting a mortgage! You’ll need to call us often to stay on top of their latest rate decisions!
ACT NOW… Before More Cost Increases Take Hold!
According to NASDAQ, home loan costs have already increased by nearly 9 percent from a year ago! Most of these increases are tied to rising lender fees.
Call us if you want to:
- Downsize or upsize
- Remodel your home
- Consolidate your bills
Find our if you qualify for an affordable mortgage today, before interest rates and lender fees increase again!!