Although all industry pundits say mortgage rates should remain low for a while, if you have not yet refinanced now is the time. For those with good credit scores a rate of 4.25% with 1 point paid is available for 30 year mortgages and even lower for 15 year mortgages.
If you have not refinanced for fear of a low appraisal, this may be the time, prices have stabilized in our market on the Main Line and in Tredyffrin and Easttown Townships, numbers of homes sold has steadily increased and June say a large uptick in the number of homes settling abpove the $400,000 price point. I have been watching these all year and the sale rate has been steady at about 20-24 a month, this past month 38 homes settled, almost double the normal.
If you need help finding a mortgage provider who is reliable contact us for help, we have several good providers who are all local and will look after you through the process and keep you informed of what is happening. Likewise if you need help finding a home before the school year begins and need a mortgage pre-approval contact us now so you can get settled in.
This should keep the mortgage and title people busy thru the Fall !!!!!!!!!!!!