3 Good Things about the Mortgage Business You Should Know

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Filed under: Market Comentary

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It seems like everyone is talking about how the sky is falling, and we’re obviously feeling a little cooped up being stuck at home. Today, I wanted to share 3 great things that are going on in mortgage and real estate right now. We all need to hear a little good news when most sources are only reporting the bad headlines.

1. Interest Rates: It’s not a news flash that rates have dropped, but it’s amazing how low interest rates are right now. I’ve been in the business for 22 years, and I’ve never seen it as low as it is. That’s amazing news!
2. Secondary Markets: A few weeks ago, there was a lot of movement in the secondary markets and things started to feel like what we experienced in 2008. The Fed has gotten involved in the secondary markets now, and it has really leveled things out – particularly FHA and VA loans. It’s huge and has brought a lot of calm into the mortgage markets.
3. Real Estate Inventory: We’ve been hearing about low inventory on houses for sale. I’m blown away at how the real estate agents are out there and making it happen. There are a lot of buyers out there, and everyone is working despite the challenging circumstances.

I’m surprised to say that the numbers are showing a robust market, despite what is going on. I attribute it to the simple supply and demand principles that are affecting our local real estate and mortgage market.

As always, I’m here to assist with your mortgage. If you want to take advantage of the current low mortgage rates, then reach out and I’ll help you find the right financing solution!

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