Mortgage Rates Reach 16-Month Low

June 10, 2019 12:00 am

Coins stacked in different heights to show Interest RatesAfter 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.