Interest rates have steadily improved in the past week and a half. I haven’t seen a good run like this in quite a while and definitely not in 2009. Usually, we have had wild fluctuations.
I have a lot of clients that had a target rate and cost in mind and we were able to take advantage of this good opportunity. If you’re still floating your interest rate or have not yet taken advantage of refinancing, I recommend doing it now. You may always get on my Watch List as well!
And remember, if you have little to no equity in your home and if your current loan is owned by Fannie Mae or Freddie Mac, you can still potentially take advantage of these low rates as well. Check on the following two sites and if one of them states “Match Found,” let me know.
http://loanlookup.fanniemae.com/loanlookup/
https://ww3.freddiemac.com/corporate/
