Call Us Today!   

Toll Free (800) 905-5069 
Local (561) 745-3344

The Mortgage Mashup Blog

Current Market Trend on Rates

Posted on July 9, 2016 at 10:20 AM

It is unreal what we have been seeing lately in regards to rates.  Taking one click on the 10 year Treasury note, https://finance.yahoo.com/echarts?s=%5ETNX+Interactive#{"range":"5y","allowChartStacking":true}, you can get an idea on where we are presently.  Take a look at where 5 year trends are, 10 year.  We are at all time lows.  To say take advantage of the rates, is an understatement.  What you were previously qualified for a month ago, and lets say a $220,000 mortgage, you would now have the same payment on a $240,000 mortgage now.  Talk about buying power.  

30 year rates are at historic lows.  15 year rates are at a level that I have not seen in my 14 years of being in the industry.  Every person with a 30 year loan, should contact me to see if they could convert to a 20 or even 15 year mortgage and cut tens or hundreds of thousands of dollars off of their loan. This could be life changing. 

Looking forward to your questions and comments.  
All the best, 

Vincent

[email protected]

561-745-3344

Categories: Market News

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

1 Comment

Reply Michael
11:36 PM on August 9, 2016 
Of course these rates won't last forever . looks like a market adjustment is coming