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Will the mortgage rates rise after summer? should we start looking now ?

by greg.s941 from , Florida. May 23rd 2014 Reply


Sharon Duffy (sduffy)
#70 ranked lender in Pennsylvania - 595 contributions

Experts expect that interest rates move to continue pushing mortgage rates up in 2014, ...I most definitely would start looking now. If you need more information please give me a call at 856 324 3608.

May 23rd 2014
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

General consensus is rates will rise. Home prices have stabilized with may areas showing increase in value. There is no time better than now to start looking. Give us a call and we can get you pre approved, not pre qualified. 800-991-5309

May 23rd 2014
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David Ortega (DavidOrtega)
#51 ranked lender in Minnesota - 231 contributions

Hi Greg, nobody has the crystal ball to know exactly what will happen. Even experts are somewhat dumbfounded as current market indicators have past proven an increase in interest rates but, over the past few weeks, rates have actually dropped. What I would suggest, at the very least, is to get a quote to see where things stand today. Then, you will your benchmark and be able to gauge the volatility from there. We can prepare various scenarios for you to review and email the quotes so you have on file. We don't pull credit or charge any fees for this service. Simply, no obligation quotes. Feel free to give us a call (954-900-9788) or email (info@satorimortgage.com). Or, you may submit a request through our website (www.satorimortgage.com)

May 23rd 2014
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Mike Silkworth (msilkw_195_870)
#29 ranked lender in Michigan - 531 contributions

Nobody knows what they will do tomorrow, let alone after summer. This is what we know for sure - rates are awesome right now. There is very little down side to taking advantage of our current rates. And yes, you should start looking now, we are seeing home values rise and any benefit you may receive form rates going down (they could also go up) you will likely lose from paying more for a house. For instance, here in Lansing Michigan the average home sale is more than 20% higher than they were a year ago. If you are ready to buy a house, now is a GREAT TIME.

May 25th 2014
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