Today the Federal Reserve Cut Interest Rates

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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

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

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:

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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>.

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