Home mortgage and refinance rates are very low right now because the FED continues to buy more and more MBS (Mortgage-Backed-Securities that directly move interest rates one way or another). The past couple weeks have been relatively stable as far as market conditions go. That means lenders can confidently continue to offer lower and lower interest rates. This happens when Mortgage-Backed-Securities level-out. In fact, this stability has led to rates remaining in the territory of new all-time lows. There is a clear momentum behind these prices as well. This puts the best-scenario, thirty-year fixed rate conventional loan at 3.25% for the majority of lenders and even 3.125% for some for the first time ever which is good for those intending to purchase a house or refinance a current loan.
But, not all is bright and shiny for the future. The FED is artificially holding the prime rate, the rate at which lenders borrow money, at 0.0% (zero percent.) And unfortunately, the FED is printing new money on a daily basis to pay mounting US debts. This can lead to hyper-inflation. This is the phenomenon where an individual will need a wheel barrow full of dollar bills to buy a loaf of bread. So, as far a buying a new house at a cheap interest rate, things look good. But, you might not be able to buy anything to put in the house.
You should visit Peak Home Loans. They offer 2.625% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more. A $100k loan is only $402/mo. 4 in 5 will qualify. Rates are at an all-time low, apply today
But, not all is bright and shiny for the future. The FED is artificially holding the prime rate, the rate at which lenders borrow money, at 0.0% (zero percent.) And unfortunately, the FED is printing new money on a daily basis to pay mounting US debts. This can lead to hyper-inflation. This is the phenomenon where an individual will need a wheel barrow full of dollar bills to buy a loaf of bread. So, as far a buying a new house at a cheap interest rate, things look good. But, you might not be able to buy anything to put in the house.
You should visit Peak Home Loans. They offer 2.625% home loan mortgage refinancing, home purchasing, home equity loans, debt consolidation loans and more. A $100k loan is only $402/mo. 4 in 5 will qualify. Rates are at an all-time low, apply today
