Now is a great time to purchase, or refinance with rates as low as 2.25%, based on approved credit and and approved underwriting, rates subject to change. Inquire with us to lock in your rate today.
Feb 12, 2021: Washington Post continues to report "Mortgage rates stuck in neutral amid economic uncertainty." This aligns with the Federal Reserve sentiment from the last meeting. How long they will continue to drop is unknown with the new Presidential administration's financial policies yet to take full effect.
In real estate, low interest rates continued to fuel strong home sales, and builders are raising prices amid healthy demand, low inventories of existing homes, and rising costs for materials and labor. Though down from peak levels, the number of mortgages in forbearance or in delinquency remained high, especially in rural areas of Alabama, Mississippi, and Louisiana, as well as urban markets in north Georgia and south and central Florida. The story is quite different in commercial real estate as values deteriorated. That erosion of values, along with tighter bank underwriting standards, might complicate new lending to the commercial real estate sector.Read More