Mortgage Rates At Lowest Levels Since 2012 In Large Part Due To Coronavirus

Dated: 03/01/2020

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#Mortgage rates at lowest levels since 2012 in large part due to #coronavirus


I just wanted to check in to let you know that national mortgage rates (which were already at or near historic lows) have declined even further, in large part due to the macroeconomic implications of coronavirus. While the global health crisis is a serious matter, we also want to keep you informed of market conditions, and aware of this opportunity before rates go back up. Because of this current low-rate environment, mortgage refinancing has reached a 7-year high.1

 

If you haven’t already, you should be reevaluating your mortgage to see if you can save money on your monthly payment, shorten your loan term, or look into making some home improvements through a cash-out refinance. An evaluation will take as little as 5-10 minutes, and could potentially save you hundreds a month and thousands over the life of your current loan.

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