Freddie Mac’s headline today from their PMMS (Primary Mortgage Market Survey) announced the mortgage rates are near two year lows.
The low rates are largely due to the ongoing trade wars. Should things simmer down, we could see mortgage rates return to a more “normal” range… in the meantime, savvy home owners are taking advantage of this opportunity to refinance into a lower mortgage rate.
It’s not just home owners who are benefiting from the current low mortgage rates. Home buyers are able to lock in a lower mortgage payment or qualify for a higher loan amount thanks to the the historically low mortgage interest rates.
If you are considering or considering refinancing a home in Renton, Redmond, Ravensdale or anywhere in Washington state, where I am licensed, I am happy to help you! Click here for a no hassle mortgage rate quote for your personal scenario for your Washington home.
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