Mortgage Rates Reach 16-Month Low

June 10, 2019 2:12 pm

After five weeks on the decline, mortgage rates in the U.S. have finally reached their lowest point in 16 months. If you have been considering a home purchase or refinance, now is an excellent time to make the jump!

If any of the following criteria apply to you, a refinance might be a great option:

  • Your home is currently financed at a higher-than-market rate
  • You are paying PMI
  • You have an ARM on your loan
  • You have large financial goals such as paying down debt or buying a second home
  • You have other consumer debt that needs to be paid off
  • You want to make home improvements and need funding to finance them

I would love to talk about your home financing needs and determine which program is best for you. Contact me today to set up a time to discuss.

To learn more about the current low mortgage rates, click here.