Mortgage Update from Curt Lovejoy
July 31, 2019
It looks like lower mortgage interest rates are on the horizon. Mortgage rates have been at historic lows and with the news today that the Federal Reserve just lowered the rate 25 basis points. We hear daily that the health of the US economy is strong with good GDP numbers, record low unemployment and the DOW at record highs so I was concerned about what the Federal Reserve Chairman was looking at in the decision to lower the rates. The comments today signaled more concern of global economic slowdown.
So there is no better time to buy a home than when you need to and the low mortgage interest rates. Lower rates make the homes more affordable. In a competitive housing market, you must make you offer on a home your very best for it to be accepted. It takes teamwork, research, and professional negotiations.