Today's mortgage update covers why mortgage rates are rising again, how global events are impacting the housing market, and what today's buyers should do if they're thinking about purchasing a home.
I explain why current rates—around 6.75% for well-qualified borrowers—are still close to historical averages and why waiting for lower rates could mean paying significantly more for the same home.
In this video you'll learn:
Why mortgage rates are increasing
How world events affect interest rates
Whether you should buy now or wait
Why refinancing later may be a smarter strategy
How a free "Second Look" mortgage review could save you money
If you're buying a home in New York, New Jersey, Florida, or Connecticut, I can review your existing loan approval and help ensure you're getting the best mortgage available.
👍 If you found this update helpful, Like the video, Subscribe for weekly mortgage updates, and leave your questions in the comments.
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Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367
Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance
Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking
Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) | Florida Office of Financial Regulation
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