Aug 4, 2019

If you have been waiting to refinance, now is the time to lock-in a great low rate! Freddie Mac just announced that the average interest rate is at 3.75% for a 30yr fixed mortgage with a charge of .60% of the loan amount to buy-down this rate. They also lowered its forecast for the average 30-year fixed mortgage rate in 2020 to 4%, down from the 4.5% it had previously predicted. This past Wednesday, the Federal Reserve showed it was concerned about the country's economic outlook when it cut its own Federal Funds Rate by .25%, the first rate cut in a decade.

 

Call Woodside now to find out how to get an even lower rate!