Markets, Energy, & Mortgage Rates

Dear Linkedin Friends,

First and foremost, please allow me to extend my wishes to you and yours for a happy and healthy new year!

2014 ended off with a bang, and in the fourth quarter of 2014 we saw the economy grow, the unemployment rate fall, and the stock market hit a record high for the year. The one shocker from 2014, which continues to be a red-hot topic, involves oil and the price of gas. The cost of crude oil has fallen by more than 50% year-over-year. The cost savings can be seen at the gas pump, and we now can buy gas at prices we haven’t seen in over 5 years!

Meanwhile, as America's economy recovers and sets new highs, the rest of the world is lagging. We are seeing recessions in Japan, parts of Europe, Russia, and many other oil-reliant nations. As such, investors looking for safe havens are investing heavily in America, causing mortgage rates to come down to lows we haven’t seen in years.

What does this all mean for us in the mortgage industry and all those looking to obtain a mortgage in the near future? Two words: lower rates. I believe that 2015 will be the perfect year to refinance your mortgage.

Now is the ideal time to explore your options for a refinance (or purchase), and my team and I are ready to field any questions you might have. Feel free to contact me at any point.

Wishing you all a great 2015!

With Warm Regards,
Isaac Shalom