The purchase market is hot as there is strong demand for a limited supply of inventory. Mortgage rates have increased by approximately 1% to 1.5% from the record low levels that were set only four months ago. Mortgage rates are forecasted to continue to move higher as the Federal Reserve moves to taper it’s monthly bond buying program known as quantitative easing. Although mortgage rates have climbed from record low levels, current levels are still historically low and present an excellent opportunity for home buyers and for home owners that are in the market to refinance. If you are in the market to purchase a new home or if you have an interest to refinance your existing loan, call or email me today.
CA. Dept. of Real Estate Broker License # 01231786
NMLS ID # 487855