For the most part, 2019 has been a great year for the mortgage industry. The Federal Reserve keeping interest rates unchanged has been a benefit for all and the summer months are no exception. If you are thinking about purchasing a home, it’s time to take advantage of a stable market.
According to recent reports, mortgage application volume has been up since March–a 28% increase from 2018. What’s more, is buyers are optimistic about the housing market so it’s a great opportunity to pursue your dream home. And after the Federal Reserve’s June’s meeting, it seems like rates will remain low and level through 2021.
“The mortgage industry is extremely strong,” said Kurt Cymerint, founder of AdvantageFirst Lending. “Summer is always a great time for home sales. Whether you’re looking to upsize your home to accommodate a growing family, looking to refinance, or buying for the first time, the time is now!”
- Ideal interest rates
- A booming housing market
- Summer (Timing)
= An excellent situation for you!
Questions or ready to start your home loan process? Give us a call at 949-356-6400.