Yes folks, the force awakens

Mortgage and Lending with American National Bank & Trust NMLS #268590

The Federal Reserve Bank raised the interest rates this week.   Not that the Federal Reserve actually controls interest rates on mortgages and refinances directly but their actions bring about an expected response from lenders.   After nine years of zero percent rates, yes folks, the force awakens.

Now I don't intend to infringe upon or take any of the glory away from a certain movie that is opening today.   I also don't expect people to be camped out in my parking lot waiting to get in the door ahead of everyone else.

At the same time, we must acknowledge that this move by the Federal Reserve has awakened a force within the community.   My phone is ringing and I am suddenly hearing from people in a near panic to refinance.

Before we go that far, let's take a deep breath, count to 10, and try any other calming exercises you may know.   OK, now then; let's look at where we are.   Yes, the interest rates on 30 year mortgages are rising ever so slightly.

The rates are increasing but not at such a dramatic jump that folks need to get panicky or stress over them.   At American National Bank and Trust, we still have rates at or below the national average.   We still have the mortgage loan products to meet your financial needs and your unique situation.

I have seen an uptick in refinances and I anticipate that it will continue until the initial shock wave of a rate hike dissipates.   If you need a refinance, let's get together and go over your options.   If you are just thinking about a refinance, let's talk and see if that is your best option.

The interest rates moved up a tad.   Does that mean you should run out immediately to get refinanced before the rates are in double digits ?   NO !

All it means is if you are ready to refinance, let's do it.   If you are not ready to refinance right now, a delay is not going to be disastrous.   Take a deep breath and maybe go see a movie because . . . . . .


Yes folks, the force awakens




Deanna Early is the # 1 ranked Mortgage Loan Originator in Franklin County, Virginia as scored by the ActiveRain real estate site.   She is a Nationally Licensed Mortgage Loan Originator located near Smith Mountain Lake, Virginia.   She does both purchase and refinance loans throughout the state of Virginia.   She is a residential loan originator for American National Bank and Trust.   She provides home mortgage loans, construction loans and lot loans as well as second or vacation home loans and investor financing.

Please visit her website at   and learn more in the Virginia Mortgage Blog

You can contact her for your financing needs at (540) 721-2349 or by email at  ""

The views expressed in this post are mine only and do not necessarily reflect the views of American National Bank and Trust Company.   Any scenarios presented are for illustrative purposes only and are not intended to refer to or represent any actual or specific clients, negotiations or financial transactions.


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Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

No reason for consumers to panic, that is for sure. When not sure what to do talk with a professional, like Deanna Early!

Dec 17, 2015 06:48 PM #1
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Deanna. Sure there will be some reaction like you described, but many understand, not much will happen to long term interest rates. If it motivates some people, it is about time.

Dec 17, 2015 06:55 PM #2
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DEANNA EARLY - - ( NMLS # 268590 )

Highest Ranked Mortgage Loan Originator Virginia
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