Ok guys, here’s the deal. If you have an interest rate over 4.375, you might want to refinance. If you’re considering buying, I would do it by Christmas.
As reported this week by HousingWire, fixed-rate mortgages could fall to 3.3% by the end of the year. According to Lawrence Yun, chief economist of the National Association of Realtors, “Mortgage rates could fall to 3.3% before the year-end. But lower rates may not help with affordability because home prices are re-accelerating higher, easily above the latest wage growth.”
You will save hundreds monthly and tens of thousands over the life of the loan. I rarely give this direct of advice… Please consider taking advantage of these interest rates. Contact your current lender or contact me for my recommended ones.