Purchase Applications have risen to just over 0.4% in comparison to just a couple of weeks ago! According to the Mortgage Bankers Association, purchase applications are steadily increasing since the summer of 2019. With the Spring home buying market stunted by the global pandemic, we have seen a pickup in the Summer months of consumers either wanting to purchase a new home or refinancing to upgrade their current home. Mortgage rates’ record low standing has helped the purchase market and the refinance market! We are also seeing an increase in refinance applications, a positive trend to make the decision to refinance now!
So, what does all this mean for you?
It means that THIS is the optimal time to purchase or refinance. By taking advantage of low mortgage rates, you can refinance and LOWER your monthly payment OR purchase your dream home at a great rate! Whether your mortgage goals are to refinance or purchase, we have various options designed to help get you obtain the best financial position possible! Contact our mortgage experts TODAY!!