Company NMLS# 155737, - MB0904432
Loan Officer NMLS# 158611, LO0911930
Toggle Navigation
Menu
Home
Contact Us
About Us
Interest Rates
Apply Online
My Blog
Getting Started
Daily Rate Lock Advisory
Mortgage Calculators
Common Questions
TIPS FOR EASY CLOSING
When to get Qualified
Home Price Index
Rate Lock Periods
Real Estate Glossary
HUD Disclosures
CFPB Home Loan Toolkit
Privacy Policy
My New Blog
3 Fed Rate Reductions - State of the Current Market
November 5th, 2019 9:16 AM by Jim Merrill
The Federal Reserve lowered its benchmark
interest rate
Wednesday by a quarter percentage point for the third time in the past three months. Mortgage rates dropped slighly, but not as aggressively as hoped. This is due in part to the fact that the economy is doing great and unemployment is super low. The bond market has not reacted with much excitement which has caused stagnation with mortgage rates. However, rates are still looking awesome and are very near historic lows. If you are considering purchasing a new home, or refinance your existing loan to lower the payment or term, or receive cash out, the timing is perfect.
For a free daily rate analysis please click on the following link, or cut and paste into your browser: www.axelmortgage.com/DailyRateLockAdvisory
Axel Mortgage's average underwriting turn time is still under 2 weeks. This is on both purchase and refinance loans. Our primary lender has recognized Axel Mortgage as a top 1% originator in the country for turn times and processing efficiency. We get the job done FAST and FAR cheaper than any "rocket" company. Compare this to the 45-day average turn times of any major bank and you will see our process and systems are unbeatable.
If there is anything I can do for you or anyone you know I look forward to help. As always, my family and I thank you for the continued support and referrals.
Posted in:
General
Posted by Jim Merrill on November 5th, 2019 9:16 AM
Post a Comment
Recent Posts:
Trigger Lead Vultures
Mortgage Tax on well qualified borrowers?
Fed Hikes Rate .25% - Mortgage Rates Drop .25%
A personal note...
3 Fed Rate Reductions - State of the Current Market
Rates Drop - Equity Way Up
Digital Process, Rush Closings, Appraisal Waivers
Breaking News - New Products and Process
November Update 2013
Archives:
Categories:
General (5)
My Favorite Blogs:
Sites That Link to This Blog:
×
Close
Add a new blog comment
*
Name:
*
Email Address:
URL:
*
Comment:
Characters from the image above:
Your entry does not match the image, please try again.
Submit Comment
×
Close
Subscribe To My Blog
*
Name:
*
Email Address:
Address:
City:
State:
Zip:
*
Characters from the image above:
Your entry does not match the image, please try again.
Subscribe