I just need to point out what is going on in the rate market, because we are back to the crazy point that we haven’t seen since late 2017. Yesterday I saw 15 year mortgages at below 3%! 30 year mortgage rates are at 3.5%!
If you have thought about buying, this is an ideal time to get your rate locked in and put a house under contract. If you have a mortgage above 4.5%, look at refinancing. If you read my last post about the benefit of a 15 year mortgage, then I would recommend looking into it. My wife and I refinanced our 30 year mortgage into a 15 year mortgage when rates were at 3% last time. We lost mortgage insurance, and our payment went up only $100 per month and we saved six figures in interest!!!
Basically, look at your mortgages and see if this would be helpful. I can connect you with mortgage brokers if you need, just let me know. I do not know how long these rates will stick around, but I know if you have thought about moving, this will be one of the cheapest times to get a mortgage in history.
I love doing what I do. I love looking at the market, and I love building relationships with the people that I get to help. Let me know how I can help you. Call me today. You can reach me at 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.
~Ryan Lynch
