Big Milestone for Mortgage Rates

Mortgage rates continued their downward trend last week and have fallen to levels not seen since last spring!

Fannie Mae’s Economic & Housing Outlook predicts that 30-year mortgage rates will finally drop below 6% towards the end of the year.

For your clients who want to move quickly when their ‘strike’ rate is reached,  our suggestion is to have them start the loan process sooner rather than later. We can help them figure out a mortgage strategy and play with the numbers, so they feel comfortable, confident, and ready to submit an offer when the time is right.