Hi Readers, I hope all is well.
I hope you are not starting to think like I sound like a broken record but Mortgage Rates are on a very, very nice little one week rally. The 30 year fixed is back below 5% according to Bankrate today. The 15 year fixed is in the low 4’s and a 5/1 ARM is in the low 3’s right now. I believe this is completely unexpected at this time, and it looks as if mortgage markets will be the same today as yesterdays close.
Anyone miss out on last years all-time low refinancing rates? Thinking of taking cash out to pay off your existing second Home Equity Line of Credit or Loan?
Please inquire within for current Mortgage Rates and Guidelines.