RATES ARE DOWN -BUT
WILL IT LAST?

On Sunday, the San Francisco Chronicle real estate section reported that, for the first time since 2022, long-term mortgage rates have dipped below 6%. Another article asked: “Are mortgage rates finally declining?” The information is correct — rates have improved.

Will this trend continue? No one can predict. We are hopeful, but markets don’t move based on wishes. One colleague told me his client paused a refinance, saying he’ll wait for President Donald Trump to lower rates. The truth is, no single person fully controls mortgage rates.

Meanwhile, I am helping 12 clients refinance right now.

People refinance for many reasons:

• Lower monthly payments
• Divorce settlements
• Reverse mortgages
• Debt consolidation

For one client, I reduced the rate from 7.875% to 6.375%, saving $1,600 per month. For another, after consolidating debts including car payments, the total monthly savings were close to $3,000.

Every situation is different. I can help you determine whether refinancing makes sense for you. Just give me a call…

…and click this link to watch my weekly video posted on YouTube.