The coronavirus outbreak has created a state of fear within financial markets. Uncertainties have caused bond yields to lower and as a result mortgages rates have dropped as well. Right now, mortgage rates are at a historic eight-year low and could dip even lower. The last time rates were this low was the summer of 2016 for a brief period before spiking back up that fall. Previous to 2016, rates have not been this low since 2012.
“When rates fall this quickly, it’s not so much that big banks draw the line on mortgage rates, but rather, the underlying mortgage-backed securities market refuses to improve as quickly as the Treasury market…both mortgages and Treasuries are feeling the impact of coronavirus panic. That’s pushing rates lower…”, said Matthew Graham, chief operating officer at Mortgage News Daily.
The residual effects of the coronavirus are something we can’t simply ignore. Now is the time for house-hunters, and homeowners looking to refinance, to take advantage of historically low rates.
Start your journey toward homeownership today. One step at a time, we will help you to build your budget, navigate the process, and apply for a loan.
Everyone we came in contact with was great. They answered all questions and concerns that we had. We would recommend to anyone buying or selling.
P Schonburg
Fast and efficient throughout the process.
J Maguino Zegarra
Everyone was wonderful. made our experience so easy
K Schonburg
Paul and his team made the whole process as straight forward and stress free as possible. Would recommend Paul and his team to any first time home buyers.
B Allgeier
I felt very cared-for during the entire loan process. All of the electronic tools were convenient, and the entire team was extremely responsive to all of my questions and making sure I had everything in place. Thanks!
K Mallory
Pleasant transaction overall.
Z Aubrey
Excellent service, knowledgeable team and seamless process. These guys are great!
J Cerasari Jr
Very easy to work with and fast. Answered any questions and made the process very clear and easy for me being a first time home buyer
C Rooks
Fast. Friendly. Great service.
E Myers
Everything was great!
T Young
Back to News