Unless you have the TV and Radio turned off permanently, you are highly aware that the Stock Market is in Turmoil.
How is this affecting Mortgages? Is now a good time to Buy a Home, Refinance or Sell?
Recently, the Federal Reserve “Raised Rates.” HOWEVER, the Mortgage Market for Rates is a freely traded market. Thus, it does not have a direct correlation to the Fed moves.
So, in a nutshell, Mortgage Rates can actually go Lower, even when the Fed “Raises Rates.” And, this is exactly what has happened!
THE RESULT: We currently have a Buying, Selling, and Refi opportunity! Buying a home when Rates are lower can save you literally Tens of Thousands of Dollars on your mortgage payments. And, in the medium to long run, a dip in Rates generally pushes home prices higher. If you have been considering Buying or Selling a Home, now is the time to ACT !
Additionally, several new low-rate, low-down-payment programs are available to help Buyers of any Price Range. This helps properties to sell as well. . . Now is the time!
Please give me a call, I am here to answer any questions you may have.
Peggy A. Fuenning ,GRI
Fuenning Advantage Team
Certified Residential Specialist
Top 5% Keller Williams Southern Arizona
***Steve Higgins, CNN Mortgage 480 334 6442 – Mortgage Broker