JTS Mortgage Minute 9/8/20 - Ultra-Low Mortgage Rates

JTS Mortgage Minute 9/8/20 - Ultra-Low Mortgage Rates

Though 2020 has certainly been a challenging year, one good thing that has come out of it have been ultra-low mortgage rates allowing more people the option of becoming homeowners or allowing existing homeowners to refinance at affordable rates, but these historic lows might not last much longer.

Good morning, i?m jeff farnham 1.

No doubt, 2020 has been a challenging year.

2.

But one good thing to come out of this year, has been the unprecedented low mortgage rates.

3.

These ultra-low rates are allowing more people to become first-time homeowners, and allowing more homeowners to refinance and save big on their monthly mortgage payments.

4.

But mortgage rates may not stay at multi-decade lows for much longer.

5.

Also, low inventory continues to pose a challenge for homebuyers facing a tough choice.

6.

Do you lock in a low rate now with what?s currently on the market, or do you wait for your absolute dream home and risk getting a mortgage at a higher rate?

7.

Home prices have risen, and while that may not sound like good news for prospective buyers, it could be a positive.

8.

This is because higher prices are likely to encourage more sellers to put their homes on the market.

9.

And more inventory would keep home prices and competition in check.

10.

If you're considering a new home purchase, give us a call, and we can discuss what?s the best move for you.

11.

Mortgage rates have tumbled, but yet, real estate values are rising because of the current low inventory on the market.

12.

This environment presents an excellent opportunity for homeowners to refinance and save big.

13.

Whether your goal is to cut your monthly mortgage payments or switch from a 30- year to a 15-year loan, refinancing now could be a smart money move for qualified homeowners.

14.

Contact us today, so we can review your numbers and see if refinancing now is right for you!

15.

According to first american?s potential home sales model report, home buying power increased 15% compared to this time last year.

16.

Homebuying power is how much home one can afford to buy based on their household income and the prevailing mortgage rate.

17.

Contact us today to see how much home you can afford.

18.

Thanks to the current low mortgage rates, it might be more than you think!

19.

We are local, trusted and experienced and take pride in helping families with their homeownership needs.

20.

Visit our website or text jts to 33655 for our prequal application.

21.

At jts & co.

We understand there is more to getting a mortgage than just pushing a button.

22.

We want to be your lifetime mortgage advisor.

23.

Which means, whether you are a first-time homebuyer or a seasoned one, we want to help you with all of your homebuying purchases or refinances along the way.

24.

Now.

And ten years down the road.

25.

Give us a call to discuss your situation today!

Thank you for joining me today, be sure to tune in next week!