Yesterday’s average mortgage rates matched the lowest level we’ve seen in three years, according to this morning’s industry headlines.
A paradox of the mortgage markets is that bad news in the world can bring good news for our clients in the form of lower rates. This week’s rate retreat is due in part to the market’s uncertainty around the coronavirus. As the situation stabilizes, rates will likely bounce up again.
Meanwhile, if you’ve been waiting for an opportunity to refinance, access your home’s equity for cash, pay your loan off sooner or even purchase a home, this may be the time for you.
We’re here to help. Please reach out. 661-284-1150
Now The Market Report . . .
“When life shuts a door, open it again. It’s a door! That’s how they work!”
This week’s potential market moving reports are:
Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.