Our Conventional 30 yr is now at 6.375, $1K Lender fee, NO POINTS, 6.4% APR
600K purchase price, 20% down, 780+ credit, primary residence, SFH, 30 day lock
Mortgage approval in 5 business days! Rates as of 2/5/24
Get Today’s mortgage rate at https://www.bestlocalmortgagereviews.com/ and see how much your clients can save with a lower rate that helps get them into their dream home.
The recent surge in mortgage rates has certainly caught our attention! Over the past two business days (Friday and Monday), we've witnessed the 3rd largest increase in mortgage rates since March 2020. What's more, Friday marked the fastest single-day spike in rates in over a year and the 5th biggest spike since March 2020.
What's behind this sudden shift? Surprisingly robust economic data, including encouraging job reports, have pushed off the greatly anticipated rate cuts to the latter half of this year. It's a clear signal that the economic landscape is evolving, and it's crucial for us to stay informed and agile in response.
As mortgage professionals, it's our duty to keep our clients informed and prepared for these fluctuations in the market. Whether it's advising on locking in rates, exploring refinancing options, or strategizing for future home purchases, our expertise becomes even more valuable in times like these.
Let's continue to monitor the market closely, adapt our strategies, and provide the best possible guidance to our clients as we navigate these dynamic times together.
Get Today’s mortgage rate and see how much you can save with a lower rate that helps you get into your dream home Lets Connect.
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