Update-Breaking News-Fed Hikes Rates
Brian Cavanaugh
Senior Loan Officer & Branch Manager at Northpoint Mortgage, Inc., NMLS# 441864 (Greater Boston!)
BIG NEWS: Fed hikes 0.25% to 1.50%. Says inflation declining. MBS surge. Dow posts fresh record high
This means that your home equity line of credit interest rates will be going up by the quarter percent. This coupled with the fact that the conforming loan limits are going up it may be the time to refinance and consolidate your 2 loans.
Is this your last realistic chance to do some mortgage refinancing with rates are near all-time lows?
This is having a positive effect on ALL mortgage rates. Let me know if you'd like to discuss.
- Consolidate a current 1st loan and 2nd Heloc?
- Lower your term? 30 year to a 15 year?
- Out of an ARM into a Fixed rate?
- Extend your current Arm into another ARM?
Please call/email/text me anytime 617-771-5021
Regards, Brian C.