Here is a brief window of opportunity! The 10 Year Treasury Note is @ 2.912% down from 3.238% on 11/8/2018. There is a Fed meeting scheduled for the 18-19th of this month. In a recent MarketWatch article by Jacob Passy it was noted that Realtor.com estimated that the rate for a 30-year mortgage will reach 5.50% by the end of 2019, while real-estate firm Zillow estimated that it could hit 5.80% in a year’s time. Mortgage liquidity provider Fannie Mae was more moderate, predicting that rates will only increase to 5% by then.
Well there you have it! If you or your clients are thinking about purchasing a new home, refinancing or getting a new mortgage for debt consolidation now is the time! 🙂 Contact Loan Brook, Inc. @ 818.697.8220 for a quick quote.