Olympus Funding

Current Mortgage interest rates. Slightly higher than the start of May. Crossing our fingers and toes for better summer rates!

Just a reminder that if you are waiting for rates to go down to purchase a home so is everyone else. The competition for homes will go up when rates go down. It's better to be a homeowner who gets to refinance then a buyer competing with the masses. Another upside- you will be gaining equity when the rates drop and housing prices go up!

The Federal Reserve will hold its next policy meeting on September 17-18, 2024, and analysts had initially expected the central bank to continue to hold rates steady. However, bearish sentiment and a series of sharp down moves in stocks has led many traders to now price in a rate cut by September, with futures markets pointing to a 65% of a 50 basis point (bps) reduction and 35% to 25 bps, according to the CME's FedWatch Tool

Mortgage rates are already looking great in anticipation of the good news. Get in touch with me if you would like to see how these lower rates could help you.

Here is a peek at current interest rates

July 3, 2024 Mortgage Interest Rates. Contact Robin at 801.619.3619 to get pre-qualified for your new mortgage today.

Did you know putting 20% down for a home loan isn’t necessary? In fact, putting as little as 5% down can get you into that new place.
Contact us to learn more! Contact Robin at 801.619.3619 call or text for more details.

Rates aren't looking too bad considering the Fed didn't actually reduce interest rates. Let's talk about getting you into a home this summer!

Conventional, FHA, VA, YOURgage®. How do you know which home loan is right for you? We’re here to help you find the best mortgage option. Learn more today! Give Robin a call at 801-619-3619