Good Morning,
The remortgaging market seems to be in many ways rejuvenated for the moment. In no way does this mean that real estate values are going back up again or that the credit crisis is close to being over. The road ahead is definitely uncertain and foggy, but it has been allowing sparks of revival and sunlight. Yesterday we did not post an update due the time restraint from the flood of customers we needed to personally service. The people who missed the low mortgage rates in January and February are currently making sure that they do not miss the chance again,
Something to think about…
Will mortgage rates continue to drop? Although everyone has a theory, we assure you that nobody truly knows. Our goal is to help people capture the great opportunities when they arise. Chances are that rates will not plummet more than they already have.
Think about it for a moment…
The current drop we have been experiencing is one of the biggest that we have seen all year and it has stimulated thousands and thousands of new mortgage applications. Even someone who has a mortgage rate of 6.5% can get into a better program right now. From a business stand point, why would investors lower the rates even more to make less profit when the current drop has already helped increase the mortgage industry? There is no reason.
Do not question whether you should wait to see what happens in the future with mortgage rates when the best opportunity is staring at you right now.
If you do not have a lender you are working with or you just need a second rate quote send me a chat request by clicking here. I will be glad to assist you…if my phone stops ringing!
More to come today…
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