“From your friendly neighborhood lenders over at the Mooreteam
The back to school lull in volume seems to be over and we are seeing increased intensity again in purchase sales.
The FED keeps talking about tapering their purchases of the Mortgage Backed Securities and that is expected to happen before the end of the year. That means rates are going up soon. There is no better time to purchase a home than right now. Soon rates will be back in the upper 3’s and into the 4’s again. Historically those are great rates but if you can score a home with a rates in the upper 2’s or lower 3’s… why not. Now is the time.
Refinancing, especially cash out refinancing, is also hot right now. Homeowners have more equity in their homes and with rates so low, it makes sense to leverage the equity for renovations, paying down expensive debt, or home maintenance. We are here to help!