Great article today!

Glenn H Russell - Wednesday, November 8, 2023

I read a solid financial article today and wanted to share this valuable information with our clients.   "The Fed’s Decision, Continued Home Appreciation, and Refinance Opportunities" 

Key takeaways:

  • The Federal Reserve has paused rate hikes for the second straight meeting.
  • The strength of the labor sector remains a key factor in their decision.
  • Home values have hit new all-time highs.
  • Refinances still make up almost one third of all mortgage transactions. (Loan originations are at the lowest point, since 1995)

What this means for you:

  • If you are considering buying a home, now is a good time to do so. Home values are expected to continue to appreciate.
  • If you are considering refinancing your home, you may be able to save money on your monthly payments.
  • If you have a lot of debt, you may be able to consolidate it into a lower-interest loan.

Here are some additional tips:

  • Get pre-approved for a mortgage before you start shopping for a home.
  • Shop around for the best interest rate.
  • Consider a fixed-rate mortgage if you want to lock in your interest rate.
  • Make sure you understand the terms of your mortgage before you sign anything.
  • Work with a five-star agent to guide you through the process!

I hope this information is helpful. Please let me know if you have any other questions.

Author of the article:  Tom Bonetto - NMLS 1431961 - AZ & CA
The Lending