It turns out that the fears of inflation are starting to come true. We have been advising clients for some time now that this summer rates would begin to inch up due to inflationary concerns. In fact this has been the subject matter of our last three newsletters as well as some of my blog posts and other online commentary. So if you have been thinking about refinancing or buying that home, my recommendation is for you to contact your local mortgage planner now to see what your options look like. If you are waiting until the “bottom” of the interest rate market to do something you missed it. The bottom of any market always reveals itself after the fact and sorry to say but it happened several months ago and we do not see it getting much lower any time soon. Take control of your financial future and review your options today.
Dave Muti Author of Mortgaes: What You Need to Know