Mortgage Rates Show Little Movement
July 25, 2024
(Source: Freddie Mac)

Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year. Despite these lower rates, buyers continue to pause, as reflected in tumbling new and existing home sales data.

Considering Refinancing? Fed Rate Cuts Could Be Your Opportunity!

If you purchased your home from late 2022 until now, upcoming Fed rate reductions might make refinancing more attractive. A predicted 25 basis point cut could happen as soon as the end of the month. Lower your mortgage rate, reduce your term, or tap into your home equity for improvements and investments.

Options with Your Home Equity:

Pay off Student Loans
Consolidate Debt
Home Improvements
Eliminate Mortgage Insurance
Free Up Money to Invest
Buy Another Home

Call or message me today to discuss options.
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Source: Freddie Mac: https://lnkd.in/eZpg3k86