Ride the Rates with us

You would like to take advantage of today’s low rates. But will they continue to move lower? Today’s market is so unpredictable, it would likely pay to WAIT for rates to fall.

Will mortgage rates continue to decline? – The Federal Reserve dropped their rate from 2.25% to a quarter point (.25%) on March 15th. 30 year fixed, conventional mortgage rates pre-COVID19 ranged 3.5% to 4.0%. At those margins, lenders should be offering 30-year rates today at 1.5% to 2.0%. FHA and VA 30-year rates are already as low as 2.25%. It is only a matter of time. The question is when.

The Federal Reserve additionally announced they would not increase their rate prior to 2022. They later stated, that it would likely be longer, as they had no plans to raise their rate until the economy was showing a 2% or greater inflation rate. Experts agree that mortgage rates should continue to fall.

You can compare several lenders and lock at today’s best rate,
or “Ride the Rates” and lock during an industry reduction.
Shop smart not hard
! Shop the industry, not individual lenders.

Receive daily rate updates, similar to the one below.

Note: This is a test scenario for tracking daily rate trends. Your pricing will likely be different.

The objective is to offer the best possible rate by closely monitoring market fluctuations. Cash out, jumbo, IO ARMs and stated income programs are available again. Their cost and requirements should continue to decrease and availability increase with the volume reduction of standard Rate/Term refinances. A good reason to “ride the rates”, if your loan falls into one of those categories.

Ready to start? Fill out an application on our secure website or speak with one of our seasoned agents. The website also offers an easy, secure way to send documents.

Apply Online  –  Secure Document Uploads