“[Federal
Reserve] likely to
continue raising rates”
“U.S.
jobs data reinforced the
view that the Federal Reserve
will keep raising interest rates
steadily this year.”
Don´t Wait Any Longer! Refinance
Your Mortgage Before Raise Go Up The Longer You Wait, The Higher The Rate!
Everyone knows it’s
coming… the Federal Reserve is going to keep raising interest rates. This
means more expensive car loans, higher credit card bills, and higher monthly payments
for everyone with adjustable rate mortgages.
Don’t worry; it’s not too late! Refinance now while rates are still
low. If you’ve been waiting to refinance your home loan, take advantage
of low rates now to lock-in a low fixed-rate mortgage that cannot be increased.
Why Should I Refinance Right Now?
Rates have been going up over
the last year and the Federal Reserve, which manages U.S. monetary policy, is
going keep raising them! This means higher monthly payments for you and your family.
By refinancing now, you can lock-in your low rate before the Federal Reserve raises
the rates again.
Should I Get a Fixed Rate or
Adjustable Rate Mortgage?
Adjustable rate mortgages are lower
in the short term, but after 3 or 5 years, the bank has the right to raise your
rate if interest rates have gone up. If you don’t plan on living in your
house for the long-term, these mortgages can save you money. However, if you’ll
be living in your house for awhile, it makes sense to lock in a low fixed rate.
The experts agree – rates will be going up.
