Interest Rate Update
Last week was another volatile one due to the US and Iran Conflict. Initially, the Stock market sold off significantly, down over 400 points. During escalations of conflict between countries, investors quickly moved investment dollars from the stock market to the safest investments such as U.S. Treasury Bills and Mortgage Backed Securities. Mortgage bonds hung in there and after some turbulence, ended the week close to where they started. With mortgage rates at the lowest rate since October, this could be a great opportunity to lock in on a great interest rate.
Product & Program Update: Student Loan Consolidation
You’ve finished school and are looking for ways to reduce student loan costs. Perhaps you’re also a homeowner seeking mortgage refinancing options, and looking for only one monthly payment to cover both loans. If you have a steady income and meet financing requirements, refinancing could make your payments more manageable through our Student Loan Refinancing Program. Our program allows you to consolidate your higher monthly interest accruing on student loans into tax-deductible mortgage interest. If you are weighed down by student debt and considering refinancing, contact us today to learn more about your options.
Did you know that you could get a conventional mortgage with as little as 3% down payment?