Michael Zoppoth

Another happy Client.

Rates should be coming down soon. March 19, 2020 10:00 AM EDT Mortgage Rates Rise MCLEAN, Va., March 19, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.65 percent.... Mortgage rates rose again this week as lenders increased prices to help manage skyrocketing refinance demand. This is expected to be a short-term phenomenon as lenders work through their backlog, said Sam Khater, Freddie Mac’s Chief Economist. On the purchase front, daily loan purchase applications were rising as of mid-February but started to decline last Friday. News Facts 30-year fixed-rate mortgage averaged 3.65 percent with an average 0.7 point for the week ending March 19, 2020, up from last week when it averaged 3.36 percent. A year ago at this time, the 30-year FRM averaged 4.28 percent.

We are in a Refi boom, most of my clients are savings 300.00-500.00 per month based on current low interest rates. Call me today for a Refi checkup, chances are you will save a lot.

Rates higher but still low.. October 24, 2019 10:00 AM EDT Mortgage Rates Rise MCLEAN, Va., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Surveyâ (PMMSâ), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.75 percent, the highest it’s been in 12 weeks.... The outlook for a favorable resolution to the trade dispute between the U.S. and China is still unclear, introducing some volatility into financial markets and the benchmark 10-year Treasury yield, said Sam Khater, Freddie Mac’s Chief Economist. Mortgage rates are following suit at near historic lows, while mortgage applications to purchase a home remain higher year over year. News Facts 30-year fixed-rate mortgage averaged 3.75 percent with an average 0.5 point for the week ending October 24, 2019, up from last week when it averaged 3.69 percent. A year ago at this time, the 30-year FRM averaged 4.86 percent. 15-year fixed-rate mortgage averaged 3.18 percent with an average 0.5 point, up from last week when it averaged 3.15 percent. A year ago at this time, the 15-year FRM averaged 4.29 percent.

REFI Check up time, 30 yr fixed at 2 yr low. June 6, 2019 9:59 AM EDT 30-Year Fixed Rate Mortgage Rate Nears Two-Year Low... MCLEAN, Va., June 06, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage rate fell to 3.82 percent, the sixth consecutive weekly decline and its lowest level since September 2017. Sam Khater, Freddie Mac’s chief economist, says, While the drop in mortgage rates is a good opportunity for consumers to save on their mortgage payment, our research indicates that there can be a wide dispersion among mortgage rate offers. By shopping around and getting a single additional mortgage rate quote, a borrower can save an average of $1,500. These low rates are also good news for current homeowners. With rates dipping below four percent, there are over $2 trillion of outstanding conforming conventional mortgages eligible to be refinanced meaning the majority of what was originated in 2018 is now eligible, he says. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.82 percent with an average 0.5 point for the week ending June 6, 2019, down from last week when it averaged 3.99 percent. A year ago at this time, the 30-year FRM averaged 4.54 percent.

Rate Alert..... Trade tensions with China have driven the mortgage markets lower.. Call me for a REFI checkup.