There are a multitude of reasons why interest rates have plummeted to 50 Year lows in the last 24 hours. The fact remains, low interest rates and a healthy real estate market are the leading contributors to a Colorado Springs, Colorado real estate recovery! And now with mortgage rates hitting near record lows, there has never been a better opportunity to save on your purchase or refinance.
How the Market Affects Interest Rates
What we have seen today is the pendulum swing we are becoming all too familiar with. The DOW opened down 300 points only to drop 500 within a matter of moments. This bore great news for the bond market, pushing interest rates to record lows.
All of this happened in spite of the fact that inflation finally showed up big in the reports (inflation is typically the enemy of the bond market) proving that the flight to safety is still treasuries.
So what does this mean to you?
Carpe Diem! Now is the time to seize the moment and take advantage of interest rates that are lower than we have seen in our lifetime.
Here’s the scoop:
If you have been preapproved to purchase a home, now is the time to make an offer and lock in an interest rate. Due to volatility in the market and the enormous pendulum swing we continue to see, now is not the time to wait and lock in a low interest rate on your purchase!
Complete our Short Contact Form to have our Team contact you NOW!
If you are interested in refinancing, you could reduce your monthly payment and the costs incurred over the life of the loan, reduce your term or even borrow a little extra money for alternate expenses or investment options.
If your plan is to remain in the home for the next 3 to 5 years, then there is an amazing opportunity in short-term interest rates. It truly is surreal to see interest rates this low!
One thing is for sure, you don't want miss this chance to save on your investment. If you’ve already taken advantage of the historic rates that have been offered, then why not spread the good news to your friends, family, co-workers and neighbors? We always love assisting your referrals!
Complete our Short Contact Form to have our Team contact you NOW!
Whether you are purchasing a home or refinancing, please don’t hesitate to contact me. I look forward to working through the options with you and helping put you on the path to homeownership or extraordinary refinance savings!
Low Interest Rates Help Colorado Springs Real Estate Recovery was written by Rebekah Radice.
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