Today the Federal Reserve Cut Interest Rates

Wed, 03/04/2020 - 1:27am

Today is the Time to Buy or Refinance your Loan

In an effort to restore calm, the Federal Reserve cut policy rates by a half-point.

Feds Cut Rates
Click to Enlarge

Even though the Fed rate cut does not directly impact mortgage rates, we are at historic lows with the average 30-year fixed mortgage rates around 3.5%

Current Mortgage Rates
Click to Enlarge

So what does this mean?

 

  • If you were thinking about moving up, now is the time. Contact a local mortgage lender (@MonteroMovement) and get pre-approved and start looking for your dream home. Send me the specs of your perfect home and I can look through the "coming soon" inventory to see what might be a match.
  • What is your current mortgage interest rate? 5%? 6%? Look into refinancing your loan for a lower monthly payment, or shorten your loan, or take out money for home improvements or for paying off high-interest credit cards.

 

If you are interested in selling your home, I'd love to talk with you further.
407.928.3788 | KArbutine@getorlandorealestate.com

 

Connect with Karen: Facebook - Like & Follow: @GetOrlandoRealEstate

Instagram: @KarenArbutine
Twitter: @KArbutine
Linkedin: karbutine

See All of my current properties for sale: Listings
Are you looking to sell your home? View my marketing plan and why you should hire me to handle your transaction.

 

 

References:
McKenna, Kristin. With Mortgage Rates So Low, Is Now A Good Time To Refinance?. March 2 2020. <https://www.forbes.com/sites/kristinmckenna/2020/03/02/with-mortgage-rates-so-low-is-now-a-good-time-to-refinance/>.
Smialek, Jeanna & Tankersley, Jim. Fed Makes Emergency Rate Cut, but Markets Continue Tumbling. March 3 2020. <https://www.nytimes.com/2020/03/03/business/economy/fed-rate-cut.html>.

Listing Source is StellarMLS.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Memberships and Certifications 

Labrador Rescue
remax
the hot 100
CDPE

As Seen On

Karen Arbutine on The American Dream TV Show
Karen Arbutine on CNBC Orlando
Karen Arbutine on Orlando Fox 35 News
Karen Arbutine interviewed by Orlando Sentinel