Mortgage Interest Rates Drop in 2019
Posted by Carlie Berke, CDFA®
March 29, 2019
Mortgage interest rates have just experienced their biggest drop, a quarter point, in over a decade. The 30-year mortgage is approaching 4% again and has dropped a quarter point in the past week. If you are considering a refinancing or purchasing a home related to a pending divorce or for other reasons, now is a good time to reach out to mortgage specialists. Another article today discussed the competition between mortgage lenders to get loans closed in record time, typically under 30 days, and this is very helpful to potential buyers.
If you are considering a divorce and you have not yet filed, there is an opportunity for a spouse who wants to keep a home, to try to qualify to refinance the home in their own name before filing for the divorce. Otherwise, spouses involved in a divorce proceeding most often have to wait until the divorce is final which takes a minimum of 6 months but more often a year or more. That creates potential interest rate risk and can hurt a spouse’s ability to qualify if rates move up.
Furthermore, this may help the housing market for both buyers and sellers as housing becomes more affordable when interest rates drop. So if you are thinking about selling or buying a home, now would be an excellent time to be in the market.
Want new articles before they get published?
Subscribe to our Blog.
*Your information will be kept private and not shared with any 3rd party.
When considering home ownership, it is important for people to be realistic and fully aware of the total costs of home ownership.
Introducing a new book that provides supportive advise for women, education about the divorce process and how to set realistic expectations for the future.
Learn what you’ll need to know before getting divorced and who you’ll need to consult at which stage of divorce proceedings in this exclusive interview.
Get started on your new path today.
Find the Support You Need
The divorce rate has doubled for adults fifty and higher in the last 25 years. Understanding the process and how to navigate your emotions will save you personal stress and money. See which presentation is best for you. Statistic Source: Pew Research Center
Your Money Advocate
We envision a divorce process that allows you to keep your money in your family by developing affordable, common sense solutions that are compassionate, straightforward and transparent, resulting in empowered decision making.
Office Hours: M-F, 9am-5pm
Call Us: 858-342-7756