Homes for Sale

Monday, June 10, 2019

Five Reasons You Might Care that 30-year Fixed Mortgage Interest Rates Are Under 4% Again


 

Mortgage Rates Drop one full percentage point in 2019, and Still Headed Down


I challenge you to find a single pundit who predicted in 2018 that we would have falling interest rates this year. But truth is often stranger than fiction. Today we have rates that are, on average, one point lower than they were just seven months ago at 3.85 vs 5.05. To make matters even more interesting, the market currently believes that the Federal Reserve is going to cut rates once or twice before the end of 2019 or early 2020. We could be on our way to 3.5%, 30-year fixed rates.

How might this effect you and your plans:

1.     If you are planning to buy a home, this may be a really good time. We have just found out how inexact the science can be when it comes to predicting future rates. Many are now predicting that rates will stay low for quite some time, but it doesn’t take much to turn that corner again.
2.     If you are planning to sell your home or other residential property, the buyers have more buying power, by a lot. You are much more likely to have more traffic, and your traffic will qualify for more home than they would have six months ago. This means you are likely to get more for your home.
3.     If you bought a home between January of 2018 and March of 2019, you may be able to refinance that purchase and save. Generally, if you can shave even ½%, you can benefit from refinancing your loan.
4.     If you have current debt from credit cards, cars, student loans, Hero loans, or other debt with an interest rate above 7%, it may be to your benefit to consolidate your debt in a refinance of your entire loan, rather than using a HELOC. This will be especially true if your current mortgage interest rate is above 4.25 and you have outstanding debts of $25,000 or more.
5.     If you are over 62, you may want to consider a reverse mortgage on your current residence and eliminate future mortgage payments. You might also consider a reverse mortgage for the purchase of a smaller retirement home, also with no future mortgage payments.

Call Whit Prouty if you are ready to buy or sell a home. He will help you find the best possible deal, and he can even help you get a great mortgage through his many contacts in the industry. Call Whit today at 310-777-6302

62 comments:

  1. When shopping for a mortgage, many home buyers hire a mortgage broker to find them the best terms and rates. A mortgage broker act like a middle man they help the home buyers to get the best mortgage with the best terms and rates. Mortgage Brokers Oshawa

    ReplyDelete
  2. Every people wants to buy their own home. Most of the people can't buy a house because of enough budget. If you are a first time home buyer and want to raise funds for this, you can take a mortgage. If you want to take a mortgage in Pickering then you can contact Solita Hernandez-Takacs. She is the best mortgage agent in Pickering and she can help you to take a mortgage at the best rate. First time home buyer Pickering

    ReplyDelete
  3. The best time to get preapproved is just before you start shopping for homes. By verifying how much you're qualified to borrow, preapproval helps you decide what you can afford.Contact with our agent for getting a best preapproval offer.Mortgage Preapproval Mississauga

    ReplyDelete
  4. Great article, very useful and explanation. Your post is extremely incredible. we provide 2 family homes for sale in queens at affordable prices. for more info visit our website.

    ReplyDelete
  5. This was really interesting information in this blog that to very happy for the nice technology in this blog. Beverly Hills Homes For Sale

    ReplyDelete
  6. Awesome post! This is helpful post. This article is clear and with lots of useful information. we provide belize development properties at affordable prices.

    ReplyDelete
  7. This is a smart blog. I mean it. You have an excellent knowledge about this topic. Thanks for sharing such a great blog to us. Buy Reverse Mortgage Ebook Guide online California

    ReplyDelete
  8. Really I enjoy your site with effective and useful information. The information is very explanatory and contains some best points in it. Keep Sharing. houses for sale Bronx NY.

    ReplyDelete
  9. Nice & informative article, I highly appreciate your efforts, we are the best Dental Trader Southern California and Los Angeles.

    ReplyDelete
  10. Nice & informative article, I highly appreciate your efforts, are you interested in Matterport 3D Real Estate US.

    ReplyDelete
  11. You wrote this post very carefully which is able to understand. These types of suggestions are very useful to me and also for others. I am thankful for you to share this detail with us. Mortgage Switching Calculator Australia

    ReplyDelete
  12. Connected mortgage brokers near me whitby can be found in 2 types 'just using home loans from one lending institution or its very own home mortgages' or multi-tied 'just supply home mortgages from a restricted variety of lending institutions.

    ReplyDelete
  13. As we mature, we shape our personal character own circle of relatives circles plus a myriad of different relationships into which we enter. Family is in which we start our adventure to recognize and broaden all relationships.Halfway house near me

    ReplyDelete
  14. You have a genuine capacity to compose a substance that is useful for us. You have shared an amazing post about palo alto homes.Much obliged to you for your endeavors in sharing such information with us.

    ReplyDelete
  15. If you want to buy a real estate property then I'll suggest you hire a real estate agent. Because a real estate agent is specialized in either commercial or residential real estate. They can help you to buy the best commercial or residential property easily.

    ReplyDelete
  16. You have worked nicely with your insights that make our work easy. The information you have provided is really factual and significant for us. Keep sharing these types of articles, Thank you.chehalis washington real estate

    ReplyDelete
  17. You are providing good knowledge. It is really helpful and factual information for us and everyone to increase knowledge. Continue sharing your data. Thank you. Back Massage
    https://www.dead.net/member/myrainbowmedia

    ReplyDelete
  18. You have given great content here. I am glad to discover this post as I found lots of valuable data in your article. Thanks for sharing an article like this.Property Management in Melbourne

    ReplyDelete
  19. Very Nice Post. I am very happy to see this post. Such a wonderful information to share with us. I would like to share with my friends. For more information visit here how much does it cost to advertise on domain.com.au

    ReplyDelete
  20. Depending on your requirements, there are several kinds of moving services that you can enjoy. Moving Near Me

    ReplyDelete
  21. You can browse somebody's individual history with a criminal polk county mugshots background check. Generally, a company will do a background check for criminal records before working to see how truthful a prospective staff member is. It's tough to think, however typically rip-off artists go task browsing simply to get in and do their filthy work from the within.

    ReplyDelete
  22. Glad to discover this post,Are you worry about looking for a high-quality can lid set? We are pleasure to do you a favor. Forget those inferior canning lids! JARLIDS canning lids can bring you and your family a better experience of making jams. Trust us, you will not miss any wonderful cooking moments.Canninglidspro.com is a product market that can help people live happier and healthier liveswe have established an ecommerce platform that provides direct support to consumers with each purchase.From individual creators to grass-roots manufacturers, we connect people with trusted manufacturers.
    https://canninglidspro.com/

    ReplyDelete

  23. You can use this earwax removal camera to check teeth, nasal cavity, throat, scalp roots and other body parts.
    You can take care of your family's health, even your pets with this ear wax remover endoscope.
    https://earpickpro.com/

    ReplyDelete

  24. Let us light up your life with quality LED neon sign for room, business, weddings, events, & more. Take a business logo, song lyrics, a kid's name, or even the shape of your dog, & neon-ify it! We are helping making art accessible with easy-to-design, stylish neon room lights. Now there's no excuse not to turn up the brightness!
    https://neonsignslight.com/

    ReplyDelete
  25. strappy gladiator manufacturer
    Fashionable Euramerican wind slope follows strappy gladiator, the vamp of bright blue looks very gorgeous and dazzle, reveal a kind of cool cool and charming temperament, cooperate handsome tie up a modelling, neuter does not break the lasting appeal of soft beauty. Intimate hollow out design and smooth curve of line, bring you unprecedented comfort, let you easily wear a tall good figure, simple with a pair of jeans has a very shape.
    Summer hot candy color, give a person the feeling of a kind of delicate and charming be about to drip, elegant crossover design with rough sawtooth soles, tidal rocks look, metal buckles to make the Roman sandals atmosphere full of rock and roll, fashionable avant-courier, very suitable for individual character make public of girl, like the Roman shoes with a simple black slacks, and the formation of strong contrast, It accentuates the unique tension.

    ReplyDelete
  26. wooden gate hinge furniture
    Hinge material is stainless steel, pure copper, stainless iron/iron, household recommended to choose 304# stainless steel, can maintain the use of the door for a long time. It is not recommended to choose 202 immortal iron, although cheap, but the good and bad are intermixed, rust is very troublesome, looking for people to change the hinge of the artificial not only expensive, and trouble. Note that the hinge screw is also a matching stainless steel screw, can not be replaced by other screws. The hinge of pure copper suits costly log door, price reason does not suit general household.
    Now the electroplating technology is very mature, stainless steel also has all kinds of color appearance, can match the wooden door of different styles. Of course, it is best to take care of the drawing appearance, and some environmental protection, electroplating industry pollution is pretty severe.

    ReplyDelete
  27. YES,I am worried about many years Fixed Mortgage Interest Rate.canning lids

    ReplyDelete
  28. Thanks for your posts,it's very useful for us.ball canning lids

    ReplyDelete
  29. Will follow your blog.your posts is interesting.kerr canning lids

    ReplyDelete
  30. They're also good mattresses for folks with allergies, since they don't harbor dust mites and other nasty allergens. If you've never tried a foam mattress, you need to sprawl out on a couple in some show rooms to see what the fuss is about. freight broker

    ReplyDelete
  31. I am grateful that I was able to learn something useful from this article. After reading it, I believe you possess excellent expertise. Thank you for sharing about home buyers austin tx. Keep up the good work.

    ReplyDelete
  32. This comment has been removed by the author.

    ReplyDelete
  33. Is it a goal of yours to one day own a house in a sought-after neighbourhood, but you're worried about the cost? Then a jumbo loan is the best option for you. To finance properties that are too costly for a standard conforming loan, this kind of loan is used. However, Cardinal Financial Company Limited Partnership can help you get Jumbo loans.

    ReplyDelete
  34. I found one successful example of this truth through this blog. I am going to use such information now. Best Realtor In San Diego

    ReplyDelete
  35. Having studied architectural engineering, its practical application is revolutionizing the construction sector. I will definitely use Cheap Dissertation Writing Service and your knowledge to improve my life.

    ReplyDelete
  36. Please keep sharing this types of content, really amazing. Please follow my website for more information about neon signs for sale

    ReplyDelete
  37. Thank you so much for sharing amazing content. This information is really helpful for everyone.

    ReplyDelete
  38. Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon.
    reverse mortgage companies

    ReplyDelete
  39. The mattress retailer would close a new or used mattress sale from which they should profit. The mattress retailer removes one bed set from the supply side of the mattress market increasing the demand side by one bed set. custom truck mattress

    ReplyDelete
  40. The indoor unit should be set close to the roof, while the outside unit can be set anyplace you like, yet it ought to be such that everything the hot air is blown away from the structure.
    how to install split air conditioner

    ReplyDelete
  41. Luckily, there are various choices accessible to back the home repairs that your home necessities. https://gillespiehandyman.com/

    ReplyDelete
  42. Interior designing can involve the use of ergonomics to create a comfortable and functional space. https://reunionliving.ca/

    ReplyDelete
  43. Thank you for sharing this informative post on the best mortgage rates. It's incredibly helpful to have all this valuable information in one place.

    ReplyDelete
  44. Personal Loan Interest Rates play a crucial role in determining the affordability and feasibility of borrowing. It's important to compare rates and find the best deal to ensure financial stability and minimize the burden of repayment.

    ReplyDelete
  45. "Choosing the right paint colors can enhance the ambiance and mood of each room in your home." Drywall Contractor

    ReplyDelete
  46. "I'm an advocate for adaptive reuse, breathing new life into old structures for a sustainable future." estate planning in chandler

    ReplyDelete
  47. Brokers help borrowers understand the impact of down payments. http://toprankinmortgages.com/

    ReplyDelete
  48. Regularly reviewing and updating your property's marketing materials can help keep it competitive in the rental market. Luxury Property Rental Market in Dubai

    ReplyDelete
  49. However, tankless heaters can save money on energy bills over time.
    water heater replacement surprise arizona

    ReplyDelete
  50. "An annual professional inspection of your water heater can catch issues early." water heater replacement in san mateo ca

    ReplyDelete
  51. Minimalist design focuses on simplicity, clean lines, and a clutter-free environment.
    learn more

    ReplyDelete
  52. Tankless water heaters provide an endless supply of hot water, as long as demand is within capacity.
    water heater replacement seaside california

    ReplyDelete
  53. Gas-powered water heaters require proper venting to ensure safe operation.
    water heater replacement concord nh

    ReplyDelete
  54. Has anyone tried a heat pump water heater? How's the performance? water heater repair lehi

    ReplyDelete
  55. A steep-pitched roof sheds water and snow more effectively than a flat roof.
    RoofingClarity.com

    ReplyDelete
  56. "Proper insulation keeps your garage comfortable year-round." Garage Floor Epoxy

    ReplyDelete
  57. Electric water heaters are easy to install and have lower upfront costs.
    water heater replacement in chandler az

    ReplyDelete
  58. My guests always compliment how clean and fresh my house is. All thanks to this service. House Cleaning 4U

    ReplyDelete
  59. Great post! Thanks for sharing your expertise on mortgage loan lenders. Looking forward to more...

    ReplyDelete
  60. I’ve read some good stuff here. Definitely worth bookmarking for revisiting. I surprise how much effort you put to create such a great informative website.
    questions to ask mortgage loan officer

    ReplyDelete