Will this be the last time borrowers can expect historic low rates?

Dated: 12/21/2018

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So it appears after an ever slightly increasing rate for borrowers over the last 18 months, rates have decreased ever so slightly following the stock market. I am no economists but I stayed at a Holiday Inn last night, LOL. So now that the disclaimer is out of the way, I do admit that I pay attention to rates. For first time home buyers, just getting a pre-qualification letter is exciting enough. But for well qualified and savvy borrowers, this decrease in rates may interest them enough to finally refinance or take out a second mortgage and use their equity. The days of sub 4% rates are well behind us. But for borrowers with excellent credit, a good amount of money down and lots of patience, they may see 4.25% for a 15 year fixed. Again this is what the street calls "quantitaive easing" ( or something similar ) when the market gets volatile like the last few days even the bond market ( which dictates sub prime lending rates ) responds and adjusts accordingly (so I read somewhere .) 

 So without citing actual evidence or quoting me on these statements and challenging my market prowess, I recommend speaking with a qualified mortgage professional and see what they can do for you. 

Oh, and ask about the new price limits for home purchase, they to have adjusted recently and you can borrow more with products like FHA and VA like never before. 

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Jesse Hall

There is nothing more in the world that Jesse would rather do than help his clients with their real estate needs. Jesse has always had a passion for homes, because the home is where memories are made.....

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