FireDream

Why Aren’t You Taking Advantage of Low Interest Rates?

Federal Reserve Chairman Ben Bernanke has been in the news again recently warning investors about inflation fears and stirring talk that interest rates will start to climb later this year.  But according to a recent Investor’s Business Daily article, some economists aren’t predicting a rate hike until 2009.

As those of you who have been reading my blog are aware, I’m a firm believer that the US market is currently in a correction cycle and will eventually rebound.  Part of that rebound-including the strengthening of the US dollar-will mean that interest rates will go up.  And, in my opinion, the November election will have a pretty significant impact on the market regardless of which party claims the White House.

That’s why, if you’ve been considering purchasing or refinancing a home, now may be the best time to do so.  It’s a buyers market, interest rates are favorable, and there are new loan programs that can help you get into a great house.  And it appears that you won’t be alone, given statistics released by the Mortgage Bankers Association on June 11 which indicate that mortgage applications are increasing.

At FireDream, we want to ensure that you are receiving all of the information available (and not just what your loan officer wants you to see).  We have found the best way to ensure this is happening is through the use of RateWindow™, the first internet-based, transparent loan pricing program on the market.

This blog is for informational/entertainment purposes only and is not meant to provide any financial or legal advice.