Rates hit 5.25% for ONLY 5 HOURS 3 weeks ago. The phones were ringing off the hook, yet everyone decided to wait for 5%, something they heard in the media.
They have climbed steadily since that 5 hour window and are now 6%.
First...I've been doing this for 13 years and have seen so many people lose money because they were betting on the market. Yes, you lose money for your family, when you could have locked in at 5.25% and refinanced a 6.875% mortgage. Maybe their payment would have dropped $150, maybe $400 if they had a larger loan balance. Now that opportunity may be gone for a long time. It was 4 years since we last saw 5.25%. In the mean time, that family is paying more than they would have, each and every month.
What we are offering for Pennsylvania home owners...we serve the entire state...is the ability to give us the authorization to lock them in if and when rates touch down again, to 5.25% or 5%, their decision. There is no cost.
We want to help people stop paying the mortgage companies extra money and keep it for themselves.
Call for more information 866-577-PENN.
Christine Bell, CRMS
Senior Loan Officer
christine@pamortgagepros.com
P: 866.577.PENN | F: 610.819.1258 | http://www.pamortgagepros.com/
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