After a couple of tough days, mortgage bond are back in positive territory. Rates continue to be super attractive.
I know a lot of you are struggling with customers that cannot make up their minds or are waiting for prices to drop, a little more.
Let me provide you with a comparison you can use:
$999 P&I is the payment on a $200,000 loan at today’s 30 year fixed rate of 4.375%.
$999 P&I is the payment at 6% for a loan of $166,553.
That’s a difference of $33,447. You could say that if they missed today’s great rates, the house price would have to drop by $33,447, when (and it will happen) rates jump to the 6% range.
Here’s the big question? Is it worth waiting for the price of the home to come down a few thousand dollars and miss today’s extremely low rates? No. The answer is BUY NOW!
With today’s rates the consumer is catching the luckiest break ever. Every expert predicted rates being in the upper 5s or low 6s by now.
Do not wait another day. Buy or Refinance NOW. Call me at (910) 352 6562
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