Coronoavirus fears cools Mortgage Rates

Cape Ann Home

What does a virus that started in China have to do with the economy in the United States?  Well if you have a 401k, stock account or any other retirement account, it means a lot.  If you own a house, it means a real lot….of money in your pocket!

Mortgage rates today are the lowest I have seen since 2013, or 6-7 years.  Rates today are in the mid 3’s and that’s down almost a 1.5% since this time last year.  If you have purchased a home in the past 12-24 months with a down payment less than 20% and a rate with a 4 or higher in front of it, we need to talk.  Chances are you are paying PMI in addition to the way above market mortgage rate.  You could end savings thousands of dollars without even realizing it.  That’s why I am here!

It’s tax season now…

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