Matt Wilkerson of @Mortgage joined me recently to talk about the recent drop in interest rates.
Here are his thoughts on the topic.
Matt Wilkerson of @Mortgage joined me recently to talk a little bit about interest rates. A lot of his clients have been reaching out to him about our current low interest rates and what’s causing them.
According to Matt, several factors have caused rates to drop recently. One is the current trade war between the United States and China. It’s causing more people to invest in bonds, which is causing interest rates to dip. We’re at a three-year low right now.
A lot of Matt’s clients are looking to refinance right now, even with the threat of a market correction coming. Unlike in 2008, our unemployment is low, people have good-paying jobs, and they have equity in their homes. They are recommending a refinance for any of their clients with a 30-year mortgage over 4.25%.
If you have any questions about refinancing your home or about the mortgage market in general, don’t hesitate to give Matt a call at (309) 408-0708 or visit him online. They offer no-obligation consultations to spell out your options and help you make an informed decision.
If you have any real estate-related questions for us or we can help you with anything in the meantime, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.