Hope that you having a great start to Spring and that all is well. You probably already know that mortgage rates are going up. I cannot believe how fast it happened. The question now is where will they land? 5%? 6%? I guess only time will tell. Inflation seems to be a major problem and the “Fed” will be making at least a few more increases this year. So far the increases have been .25% but there are reports saying that a .5% increase could be on the horizon.
Despite the increase in rates, the purchase market is still really hot with multiple offers, some all cash, still the norm. Buyers looking to acquire a property this spring should contact me to get a full credit approval. Never mind a pre-approval, get the file underwritten before offers are made.
Cash out refinances , Equity Lines of Credit (HELOC) or fixed 2nds are options now for those looking to remodel the house or consolidate debt.
Please keep me in mind should you, or anyone you know, have questions about a home loans and mortgage rates.
I can be reached anytime at 714-470-5133. or click here to request a quote https://coastalcaloans.com/contact/ For real estate questions, check out Danny Giometti at https://www.zillow.com/profile/Giometti%20Realty
Have a great week!