Lowest Mortgage Rates in
40 Years!
The housing market remains strong, with strengthening home sales
and what is likely to be the lowest annual average for mortgage
rates
in more than 40 years, according to new data from Freddie Mac.
They have found that in most markets, low mortgage rates have more
than offset the rise in house prices, preserving home-buyer
affordability
for the typical household. Homeowners are also taking advantage of
low rates and house price appreciation that is increasing their home equity.
The share of cash-out refinances grew to 41 percent in the second
quarter
of 2016, compared to 38 percent in the first quarter and 15 to 20
percent
during the housing crisis.
With
this in mind, if your current rate is over 4.000% on a 30 year mortgage
or
over 3.500% on a 15 year, refinancing NOW could save you thousands!!
Plus,
YOU CAN NOW REFINANCE BY THE YEAR, not in 5 year increments
as
before, so most likely, you won't even have to extend your current term.
You
may even be able to cut a few years off and the rates even beat the
Quick
and Guaranteed lenders!
Contact Global Unity Mortgage today to obtain your
free money-saving refinance quote at globalu@sbcglobal.net
You
may also call 860-872-9479 or visit the website at
cthomeloans4u.com
if you wish to apply and start saving today!!
To
read the full article, click here:
http://www.mpamag.com/news/freddie-mac-projects-lowest-average-mortgage-rates-in-40-years-38158.aspx
On a
side note, for those of you looking to purchase, there's a
BRAND
NEW 1% DOWN FIRST-TIME-HOME-BUYERS purchase program
now available
with NO PMI and we will be happy to get you Pre-Qualified
quickly
and easily so you can put in an offer and BEAT YOUR COMPETITION!!
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