The mortgage rates are again at super duper lows.
This is surely driving refinances.
As the market inventory sags,
it appears that low rates
will be the second big driver of price increases.
Yet with no real indication of rate increases beyond normal fluctuations,
and various indications that the pain in Europe will cross the Atlantic- at least the stock market- it’s hard to understand what will trigger higher mortgage rates- other than a sea change at Fed.
I’m getting reports of overworked mortgage brokers, in addition to similar anecdotal evidence with RE attorneys.
If you are an owner, think about a refinance.
If you’re thinking about a purchase, let’s get you preapproved for your mortgage.