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Rising Rates

Happy Wednesday, this weeks update, I want to discuss interest rates. Rates have gone up every day since the Fed met last weds and are up about .25% across the board. I am not sure when they will calm back down but to keep things in perspective they are still near an all time low. So if you have a rate above 4%, have PMI, or want to take cash out now is the time to refinance so you can lock in before they go up too much more. If you are looking to buy a home, now is still a great time and rising rates may help us with inventory. Please watch my video for more details and as always please call me if there is anything else we can do to help.

Stewart Sadler

Managing Partner

Cornerstone Mortgage Group

Georgia Residential Mortgage Licensee: 21412

Company NMLS: 147913

Individual NMLS: 147938

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