Vista Mortgage Group Blog

Due to the unease in the financial markets, investors are selling off stocks and moving to US Treasury Bonds for safety; which is putting pressure on mortgage-backed securities to compete for those investment dollars.

The great news here, is that means LOWER MORTGAGE RATES!

If you are preparing to purchase a new home or are considering buying an investment property, you are about to hit the "trifecta"! 

1.  Right now, there is a great supply of inventory on the market to choose from.  People are more actively selling during the Summer months than during the Winter months, when families want to enjoy their holidays and hibernate.

2.  Home prices are still low and while there is a higher volume of inventory on the market, there is also more competition for buyers!

3.  Mortgage rates are the lowest that they have been in over 50 years!

With all of these factors combined, it offers buyers more "buying power" than ever before!  When you are able to take advantage of lower rates, it allows you to increase your purchase price.....without increasing your payments!

For anyone who hasn't looked into their options for refinancing within the past few months, you may be missing out on some incredible savings!  There are still several programs to help people who owe more than their home is worth.  Beyond that, the rates are so low, that even if you have refinance any time in the last year or more, you can probably still save money through a new refinance.

As always, we are here to help you navigate the various options to find the best fit for you and your unique situation.....and our Broker Fee is completely paid by the Lender!

Call us today for an estimate of what you can save!