Mortgage Report and Market Update
December 2, 2020
By Saeed Ghaffari
Interest rates kept low throughout the Thanksgiving Holiday and are expected to stay low for the remainder of the year. While we have no crystal ball to see what will happen to the rates in the future, we know these are historical lows. This means if there were to be changes to the rates, it’s more likely to be in the upward direction.
Aside from the rates, we expect the effects of the pandemic on our economy to start coming to the surface and if that happens, the outlook for property values is not positive.
With the above in mind, if you have not taken advantage of the lower rates to refinance your property, it’s time to do it now.
Mortgage Concierge is a loan advisory service connecting the borrowers to vetted lenders. Please reach out if you need help.
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