Ed's Blog

Refinances are on the rise! Last week mortgage applications surged when interest rates on traditional 30 year fixed rate loans dropped into the mid 5% range. And now comes news that lobbyists are urging the Treasury Department consider a plan to buy mortgage backed securities in hopes that rates may be driven down to levels we haven’t seen in years (4.5%???)

There are certainly pros and cons to this strategy, and it’s far from a sure thing, but one thing remains absolutely certain. If you’re looking to cut costs during this economic downturn, a refinance into a lower fixed rate mortgage is a phenomenal way to keep your payments affordable during lean economic times.

Call us at 415-406-2330 to learn more about refinancing into a lower fixed rate mortgage.